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    Corporation tax - Capital allowances - Types of asset - Plant and machinery or buildings - 4300

    In order to clarify whether certain items are plant or part of a building, statutory lists detailing buildings and structures which qualify for capital allowances were introduced. The lists are...

    Business taxes - Capital allowances - Structures and buildings allowance

    Structures and buildings allowanceThe new rate of tax deduction for the structures and buildings allowance (SBA) will apply from:1 April 2020 for businesses within the charge to CT; and6 April...

    Maximising capital allowances when moving premises

    If your business is relocating to another premises, there might be an opportunity to bag some extra tax deductions or use them as a factor to negotiate a better price. What’s involved?

    9. Equipment attached to or used in buildings - Can a claim for CAs be made for a building?

    Can a claim for CAs be made for a building?Generally, no CAs claims can be made for the cost of a building incurred before 29 October 2018, but it may be possible to make a claim for the fixtures...

    Buildings and structures allowance

    The government has published draft legislation for the new structures and buildings allowance (SBA). While it confirms earlier announcements, there are one or two surprises. How much tax relief...

    Buying equipment and tax deductions for extra costs

    You’re replacing some of your firm’s machinery at great expense. Naturally you’ll want to maximise tax relief for this. Apart from the cost of the equipment, what other expenses can you...

    When does a building qualify for capital allowances?

    Generally speaking, you can’t claim a tax deduction against your business profits for the cost of buildings or structures, but there are exceptions. When are you entitled to make a claim?

    Capital allowances election for fixtures in buildings

    Capital allowances election for fixtures in buildingsWhen a commercial building is sold the seller and the purchaser can agree to apportion part of the price to fixtures which qualify for capital allowances,...

    capital allowances for fixtures in buildings record

    Capital allowances for fixtures in buildings recordSince April 2014 it has been crucial for prospective buyers of second-hand commercial buildings to ensure that the seller has allocated their expenditure...