Capital Allowances

At Smith Heath, we have wide-ranging experience in assisting with capital allowance claims, which can be particularly helpful if a new business venture includes significant capital expenditure or your existing business is embarking on a new project.

Capital allowances are a form of ongoing tax relief that recognises the depreciation of assets (buildings, plant and machinery, etc.) and allow businesses to offset the cost of these assets against taxable profits.

While the regime is notoriously complicated, capital allowances can provide a valuable incentive to investment and enterprise. For example, any business, of any size or structure, can claim a 100% tax relief on a substantial investment in a variety of business assets in the year of purchase.

At Smith Heath, we have wide-ranging experience in assisting with capital allowance claims - particularly helpful if a new business venture includes significant capital expenditure or your existing business is embarking on a new project.

We can also advise on related issues such as the impact of capital purchases on cash flow and financing investment.

We are a telephone call or e-mail away

and an initial meeting is always without obligation and free of charge.

01242 541440 or
info@smith-heath.co.uk

“Whilst this web site outlines the different areas in which we provide taxation related assistance, the common thread is that of advice. We will prepare calculations and file returns on your behalf, but more importantly, we will offer advice and assistance in each and every area to ensure that your tax affairs are structured in the most efficient manner possible”