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

Percussion Play

Warrener Stewart has provided ongoing business advice for this family run business that makes outdoor musical instuments, for the past eight years. Helping them to start the business, then managing their growth and developing it into an international business.

Client's view

“ Without US tax advice from Damian it would not have been able to progress with the American company. Damian and Jon helped smooth the path. From the start of the business in 2011, we loved Warrener Stewart’s dynamic approach and really felt that they wanted to be part of our future. ”

Read the case study

Find out more

To find out more about our Capital Allowances services complete and submit the form
 

Or alternatively call us or email us:

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

“ They have helped me make informed judgments at every twist and turn and offer incredible value. ”
Meon Valley Travel