Businesses are allowed to claim tax relief on purchases of certain assets such as a vehicle or piece of equipment.

Capital Allowances allow you to deduct a proportion of the cost of the asset from your profits before calculating your tax liabilities, potentially yielding significant tax savings.

The nature of the expenditure determines the type of capital allowance that can be claimed and the rate of relief that is available.

The most attractive capital allowances include:

The Annual Investment Allowance (AIA) – 100%
  • Deduct 100% of the cost of the asset in the year of purchase
  • Available to all businesses on investments in plant and machinery (cars do not qualify)
  • The maximum deduction from profits is currently limited to £500,000
First Year Allowance (FYA) – 100%
  • Deduct 100% of the cost of the asset in the year of purchase
  • Available on certain energy and water efficient plant and machinery
  • Can be claimed in addition to AIA

Please contact us to discuss how our expert team of tax advisors can work with you to maximise the impact of capital allowances deductions in your business.

Stuart Barbour CA CTA

Director

More about Stuart

Case Study

Rosslyn Park

In their capacity as treasurer for the rugby club Warrener Stewart helped assess financial needs associated with running a business, helping to develop a business plan. They additionally provided a much needed payroll solution to allow the club to pay the professional players and administration staff.

Client's view

“ Rosslyn Park has always been dependent upon raising funds to achieve what it needed and like any club had to act like a business, moving with the times. For a small club it is gratifying to see it survive and even thrive. The professional first team came second in the national rugby league and they have even raised enough fund to erect a new 4G floodlit pitch at the Priory Lane stadium. ”

Read the case study

Find out more

To find out more about our Capital Allowances services complete and submit the form
 

Or alternatively call us or email us:

London: 020 7731 6163
Edinburgh: 0131 287 8299
info@warrenerstewart.com 

“ Rosslyn Park has always been dependent upon raising funds to achieve what it needed and like any club had to act like a business, moving with the times. ”
Rosslyn Park