At Elect – Part of AMS Group, we specialise in taxation on Commercial Property, and one area where businesses can see significant benefits is through Capital Allowances.
What are Capital Allowances?
Capital Allowances are a form of tax relief that allows businesses to offset the cost of qualifying capital expenditure against taxable profits. In simple terms, they reduce your tax bill by recognising the wear and tear on assets used in the business.
Key benefits of Capital Allowances
- Immediate Tax Relief: Claiming Capital Allowances can reduce your taxable profits and, therefore, the amount of tax payable to HMRC. In some cases, you can claim up to 100% of the expenditure in the first year.
- Enhanced Cash Flow: Lower tax bills mean increased cash flow, enabling you to reinvest in your business. This is especially crucial for growth focused businesses.
- Maximising Property Investments: If you or your business owns commercial property, you could be sitting on unclaimed tax relief. Capital Allowances can be claimed on embedded fixtures such as lighting, heating, and plumbing systems.
- Improved Financial Planning: By identifying qualifying expenditure, you can plan your investments more effectively and forecast tax liabilities with greater accuracy.
At Elect, we have made it our mission to help businesses and individuals navigate the complexities of the Capital Allowances legislation. Our team of experts offer:
- Tailored Tax Solutions: We analyse your property investments to uncover eligible allowances.
- Proven Expertise: We are regulated by RICS with over 50 years of experience across the team, ensuring the knowledge and advice are from proven specialists.
- End-to-End Support: From initial assessment to filing claims, we are with you every step of the way.
Let’s Work Together
Understanding and leveraging Capital Allowances isn’t just about tax savings, it’s about driving growth and enhancing profitability. Whether you are looking to save on your business expenses or identify opportunities for a trusted partner, Elect is here to help.
Contact us today: To find out more about how Capital Allowances can benefit you or your business. Together, we can unlock the potential hidden in your business’s investments.
Elect: Your Capital Allowances Experts
- Email: admin@elect.tax
- Phone: 01889 740 405
- Website: www.elect.tax
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