Accountants should stay informed about changes to Capital Allowances legislation through regular professional development training. We offer CPD training sessions that provide the perfect way to keep up to date with the latest Capital Allowance legislation. These can be done over a video call so your team doesn’t have to travel. We also have a monthly newsletter that you can subscribe to that notifies our readers of any legislative changes.
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
