Capital Allowances
Capital Allowances (governed by the Capital Allowance Act 2001, subsequent revisions and current Finance Acts) is a tax relief benefit affecting profit & loss or income available on expenditure/investment incurred in the creation, acquisition, replacement or refurbishment of capital assets, including:
- Plant & Machinery - Main Pool
- Integral Features - Special Rate Pool
- Structure & Building Allowances
- Land Remediation Relief
- Repairs & Maintenance Expenditure
- Landlord Contributions
Each category attracts different levels of writing down allowance per annum.
Jex Capital Allowances are able to calculate the value of the capital allowances and provide a HMRC compliant analysis and report to be submitted with self-assessment tax returns. This report clearly identifies qualifying expenditure against the specific Capital Allowance categories and demonstrates that the asset qualifies as part of the claimant’s trade.
Our aim is to maximise the tax relief available to you.
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