Owners of businesses can claim capital allowance on qualifying plants and machinery.
The capital allowance gives relief on the cost of qualifying expenditure immediately or over a period of time.
Capital allowance, however, is only available to integral features within the building such as lifts, air-conditioning systems, electrical systems etc.
Businessmen can claim tax relief when they sell their property thereby reducing their capital gains.
HMRC is proposing changes to the tax treatment for integral features to the property and the actual structural asset.
Proposed changes for business owners that own non-residential properties
If you would like us to support us, kindly contact us