Capital Allowances: The Overlooked Tax Relief

It’s one of those things people tend to overlook. Capital Allowances don’t get talked about as often as R&D tax relief, yet for many UK businesses, they can be just as beneficial, and in some cases, even more.

If your company has bought, built, or upgraded a commercial property in the past few years, or invested in new equipment, there’s a good chance some of that spend qualifies for relief. Claiming it correctly can mean recovering a sizeable portion of your costs, and it can really ease cash flow when budgets are tight.

To make things a bit clearer, we’ve pulled together a practical Business Guide to Capital Allowances, which you can download here:

Download the guide (PDF)

Inside, we’ve broken down:

✓   The main types of allowance: AIA, WDAs, SBA, and Full Expensing

✓   What qualifies (and what usually gets missed), from machinery and vehicles to plant and machinery hidden within buildings

✓   Tips on how to claim correctly while staying compliant with HMRC rules

If you’re a finance director, accountant, or business owner, this guide gives you the essentials to spot opportunities and avoid missing out on valuable reliefs. And, if Capital Allowances haven’t been on your radar recently, it’s worth taking ten minutes to read, especially with so many businesses under pressure to make every investment work harder.

Read the full guide here (PDF)

If you have any questions about Capital Allowances or Innovation Tax Relief contact the ABGi Team to find out more about how we can support both businesses and advisers.