Capital Allowances
Capital Allowances provide businesses with tax relief on qualifying expenditure on plant, machinery, and certain buildings. With the Annual Investment Allowance providing 100% relief on the first £1m of qualifying expenditure and the full expensing regime now permanent, there has never been a better time to review your capital spending and ensure maximum claims are made.
What are the benefits?
Annual Investment Allowance
The Annual Investment Allowance (AIA) provides 100% immediate tax relief on qualifying plant and machinery expenditure up to £1m per year. We ensure all qualifying expenditure is correctly identified and claimed within the AIA.
Full Expensing
Since April 2023, companies can claim 100% first-year allowances (full expensing) on qualifying new plant and machinery with no cap. This provides immediate Corporation Tax relief on major capital investments.
Embedded Allowances in Property
Significant capital allowances are often embedded within commercial property purchases or fit-outs and are routinely missed. A specialist review can identify tens or hundreds of thousands of pounds of unclaimed allowances in plant, electrical systems, and integral features.
Structures and Buildings Allowance
A 3% annual allowance is available on qualifying expenditure on new or improved commercial structures and buildings. We identify all qualifying expenditure and ensure the allowance is claimed from the earliest permitted date.
How can Zenus Tax help?
We review all capital expenditure to identify qualifying plant and machinery
We identify embedded allowances in commercial property that may have been missed
We ensure maximum claims are made in the most tax-efficient tax year
We advise on the implications of disposals for balancing charges
Frequently Asked Questions
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