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Capital Allowances

Your commercial property investment, or trading premises, have many fixed plant elements within the fabric of the building – such as heating, electrical systems, air conditioning, lifts, hot and cold water systems, security systems etc. These are regarded as plant and machinery for the purpose of the trade and therefore qualify for capital allowances within the Capital Allowances Act 2001 (CAA2001).

Your capital expenditure incurred on the purchase, refurbishment, extension, fit out or new build construction will offer the possibility of tax relief within the legislation.

Prime’s tax team can assist you in making a capital allowance claim, if you would like to discuss this further please contact us today.  

Prime’s tax team can assist you in making a capital allowance claim, if you would like to discuss this further please contact us today"