Specialist Tax Advice
Capital allowances
Capital allowances allow the cost of capital assets to be written off against taxable profits. They replace the charge for depreciation in the business accounts, which is not allowable for tax relief.They cover such assets as buildings (industrial. commercial, and agricultural), cars, energy saving technology, and research and development.
This is a complex area, where professional advice is essential. If you are not convinced you are receiving all the allowances to which you are entitled, call us to arrange a review.
