Capital allowances.

Capital allowances are an effective way of reducing after-tax costs from expenditures or capital assets. These can be considered ‘business expenses’, and therefore reduce your taxable profit.

For example: vans, cars, machinery, tools, equipment, computers, furniture, and previously private items are all items which capital allowances can be claimed upon.

Any business can claim capital allowances, if you make business purchases or have assets.

Our team will work closely with your business to ensure that tax reliefs are maximised.

We can advise on:

• Annual investment allowance
• Capital allowances on vehicles
• Enhanced capital allowances and first year allowances