Businesses are allowed to claim tax relief on purchases of certain assets such as a vehicle or piece of equipment.

Capital Allowances allow you to deduct a proportion of the cost of the asset from your profits before calculating your tax liabilities, potentially yielding significant tax savings.

The nature of the expenditure determines the type of capital allowance that can be claimed and the rate of relief that is available.

The most attractive capital allowances include:

The Annual Investment Allowance (AIA) – 100%
  • Deduct 100% of the cost of the asset in the year of purchase
  • Available to all businesses on investments in plant and machinery (cars do not qualify)
  • The maximum deduction from profits is currently limited to £500,000
First Year Allowance (FYA) – 100%
  • Deduct 100% of the cost of the asset in the year of purchase
  • Available on certain energy and water efficient plant and machinery
  • Can be claimed in addition to AIA

Please contact us to discuss how our expert team of tax advisors can work with you to maximise the impact of capital allowances deductions in your business.

Stuart Barbour CA CTA

Director

More about Stuart

Case Study

KFH

For more than 20 years, Warrener Stewart has been providing business advice and auditing services to independent London estate agent KFH who has over 60 offices across London including Wimbledon, Chelsea and Battersea. Warrener Stewart was perfectly placed to assist KFH with the transition from one payroll system to another.

Client's view

“ Warrener Stewart has an extremely broad spectrum of skills; they really understand the business and can be trusted to come up with credible solutions. Their breadth of knowledge is outstanding given the size of the company; it is easily on a par with some of the larger practices. ”

Read the case study

Find out more

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London: 020 7731 6163
Edinburgh: 0131 287 8299
info@warrenerstewart.com 

“ Rosslyn Park has always been dependent upon raising funds to achieve what it needed and like any club had to act like a business, moving with the times. ”
Rosslyn Park