If you are an owner of commercial property and subject to UK tax, either a Limited or non-Limited company you are entitled to claim capital allowances on qualifying fixtures in your properties. Capital allowances apply whether you own the property as an investment, or it is used in your trading business.
Qualifying expenditure can arise from all fixtures and fittings and include the acquisition cost. Also, construction of a new build, to extensions/refurbishments, air conditioning, lighting and electrical systems
There are a few myths around capital allowance. Such as when you can apply, I have already claimed, the company is loss making and lastly, it’s a common misconception that there is a time limit on claiming. You can find out more by booking a free 20 minute video consultation.