Capital Allowances

Every business needs to maximise tax relief available on its fixed assets and we are here to help and assist you in achieving this.

Depreciation in your business accounts is not deductible for tax purposes and instead capital allowances provide a measure of tax relief on purchase plant and machinery, cars and other assets integral to a building.  Planning is needed to ensure that you maximise your claim in accordance with current legislation by making use of the current annual investment allowance, providing 100% first year allowances on the first tranche of capital expenditure.

The construction or acquisition of new buildings can prove to be a complex and highly technical area to determine the availability of capital allowances and we are fully experienced in dealing with such matters. 

We can also assist in helping you decide whether to purchase assets outright, use hire purchase or finance arrangements or lease them and can build in the tax effect of each option.  The timing of capital expenditure can also be key in maximising your tax relief. 

Taking advice is essential to mitigate your tax exposure.

Contact:

Jason Fayers
tel:       01473 259201
email: Jason Fayers