Spirare Limited

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Capital allowances

Capital allowances

Taxation Services

A business can reduce its tax liabilities by making capital expenditure on business assets.

You obtain tax reliefs on the expenditure depending on the type of asset and the relief available at the time.

We currently have Annual Investment Allowances that a business can claim. This is a 100% allowance on such expenditure. It has an annual cap.

Other capital allowances include:

  • First year allowances
  • Writing down allowances
  • Business Premises Renovation allowance
  • Special rate pool allowances
  • Structural buildings allowance

There are other allowances available and we at Spirare would work with you to ensure your claims and planned expenditure are efficient.

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