The original ECA scheme ended in April 2020. However, significant capital allowances remain available on commercial property through the Annual Investment Allowance, Full Expensing, Structures and Buildings Allowance, and embedded property capital allowances. CARS can identify which allowances apply to your specific property and circumstances.
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
