Types of Capital Allowances on fixtures

Below is a breakdown of the different types of Capital Allowances available for commercial property owners.

If you want to know more about how Capital Allowances work, or your entitlement to claim them then please feel free to fill out our quick form and a member of our team will contact you to discuss further.

Capital Allowances on Fixtures

Capital Allowances on Fixtures

Capital Allowances are a form of tax relief given in place of depreciation (which is not allowable for tax purposes) on qualifying items of plant and machinery.

Capital Allowances Page

Section 198 Elections

Section 198 Elections

Section 198 elections (S199 for leasehold) are joint elections that set the transfer value of Capital Allowances when a commercial building changes hands.

Section 198 Elections

Annual Investment Allowance

Annual Investment Allowance

The Annual Investment Allowance (AIA) is a Capital Allowance that enables a business to write off the cost of most items of plant and machinery in full.

AIA Page

Structural Buildings Allowance

Structural Buildings Allowance

Structures and Buildings Allowances "SBAs" are a type of Capital Allowance for capital expenditure on renovation, conversion or construction of a building.

SBA Page

Land Remediation Relief

Land Remediation Relief

Land Remediation Relief is available to parties incurring expenditure on cleaning up contaminated land acquired from a third party.

LRR Page

Balancing Allowance

Balancing Allowance

Where there is a loss on the asset, it would be allowed as a deduction from your taxable profit as a balancing allowance.

Balancing Allowance Page

Writing Down Allowance

Writing Down Allowance

If within a single accounting period your expenditure on qualifying capital exceeds the AIA annual limit, you may be able to claim writing down allowances.

WDA Page

Small Pools Allowance

Small Pools Allowance

In some circumstances, it may be more beneficial to claim Small Pools Allowance instead of WDA.

SPA Page

Enhanced Capital Allowance

Enhanced Capital Allowance

Enhanced Capital Allowances (ECAs) were introduced to encourage the use of energy-saving and water conservation plant and machinery in construction projects.

Enhanced Capital Allowance