Why is AIA important?
AIA is an important consideration when purchasing a commercial property in order to maximise tax savings and should form part of the decision process. An expert can confirm what property embedded fixtures and fittings attracts the best treatment. It also highlights the importance of establishing the capital allowances position prior to completion on a property.
AIA in practise
If two properties are being considered it may well be the case that a PEFFs claim is possible on one property but not the other. This knowledge could be a deciding factor in purchasing a property that will afford the maximum tax relief in the future.
From April 2008 and March 2023, the AIA amount has changed several times and you can download the historical changes here.