Capital Allowances
Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat.
Capital allowances are a form of tax relief where a person incurs capital expenditure which is usually through building or refurbishing.
If you have undertaken refurbishment of a commercial property whether it is for a kitchens, heating systems, sanitary systems, hot water systems, fire alarms or air conditioning you should be able to claim your capital allowance.
As a business you are entitled to claim tax allowance which are called capital allowances. This means you can deduct a proportion of the cost of these goods and services from your taxable business profits at the end of the year resulting in a reduced tax bill.
Thomas Willmax has teamed up with a local specialist company and if you would like to know more on your entitlement, please complete our enquiry form.