Key Changes to Capital Allowances are:

  • Structures and Buildings Allowance (SBA)
    SBA was introduced on 29 October 2018 will be increased from 2% to 3% per annum from 1 April 2020 (companies) and 6 April 2020 (individuals and partnerships).  The increased allowance will become available from April 2020 on all qualifying expenditure from 29 October 2018.  There are some transitional measures for businesses using the current scheme as the relief will be calculated over 33 and third years instead of 50 years, which is expected to have a positive impact on businesses.
  • Enhanced Capital Allowances (ECAs)
    ECA’s 100% first-year allowance for investment in new plant and machinery within designated assisted areas of Enterprise Zones will remain available for a year longer than planned on expenditure incurred until at least 31 March 2021.
  • Annual Investment Allowance (AIA)
    AIA had a temporary increase to £1 million per annum which comes to an end and reverts back to £200,000 from 1 January 2021.  Businesses need to ensure that qualifying expenditure is brought into account by 31 December 2020 and paid for by 30 April 2021.
Commercial property
commercial buildings
If you would like to speak to an expert about any of these changes, please get in touch.

Latest News

  • Puzzle pieces coming together
    19 July 2022

    Where do we fit in with your firm?

    With the most recent legislation changes, the support we give to accountancy firms is only increasing. There is a constant need for specialist advice when it comes to PEFF (Property Embedded Fixtures and Fittings) claims. We offer support in a way that protects your relationship with your clients and...
  • CARS team photo
    5 July 2022

    How an accountant feels about our support

    We recently worked alongside a leading accountancy firm, DJH Mitten Clarke, on a project of theirs, for a client, Parogon Group. To understand how our clients feel about our services, we like to ask for feedback. So, we sat down with Lisa Jones, a Client Services Director from DJH Mitten Clarke, to get...

Contact Us

Our expert team are here to help answer any of your capital allowances questions or enquires you have about your commercial property.

Sign up to our Newsletter

I confirm that I have read and agree to the Privacy Policy