STRUCTURE AND BUILDINGS ALLOWANCE FOR NON RESIDENTIAL PROPERTIES
Structure and buildings allowance was introduced by HMRC for expenditure on the construction of non-residential structures and buildings. This relief is only available for expenditures incurred after the 29th of October 2018. THE TAX RELIEF FROM STRUCTURE AND BUILDINGS ALLOWANCE The relief that is given is a 2% straight-line allowance over a period of the […]
3 CAPITAL ALLOWANCE RATES TO CLAIM AS TAX RELIEF
Capital Allowance rates vary depending on the plant and expenditure. To explain the rate I will be using the various percentages associated with each allowance. Zero percentage on capital expenditure. 0% simply means the business owner can’t claim capital allowance on that plant and machinery. Examples of such are building, floors or any other asset […]
WHAT TO WATCH OUT FOR WHEN INVESTING ON CAPITAL EXPENDITURE
Capital expenditure in business is very important to make them more productive. Capital allowance is a relief that is given to business owners who purchase assets to be used in the business. Businesses in the UK spend a lot of money on capital investments from time to time to run efficiently and maximize their profit. […]