While having detailed invoices strengthens your claim, it’s still possible to make a Capital Allowance claim without them. Providing as much information as possible, such as asset descriptions, purchase dates, and approximate costs, can help support your claim. We can guide you on the documentation needed for an effective claim. If necessary, we can also visit your premises to construct an on-site inventory of claimable items.
Capital Allowances are tax deductions that businesses can claim on certain types of expenditure for commercial properties. These include machinery, and equipment that are used for business purposes. These allowances enable businesses to offset the cost of these assets against their taxable profits, reducing their overall tax liability. Understanding and maximising capital allowances can significantly benefit businesses by improving cash flow and reducing their tax burden.
However, not everyone is familiar with the rules, regulations and eligibility surrounding Capital Allowances. Explore our FAQs to learn more
