In many cases, there is no time restriction on claiming embedded capital allowances on commercial properties purchased before April 2014. For properties acquired after April 2014, a two-year window from completion typically applies, though exceptions exist. CARS will assess your specific situation during a free initial review.
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
