Property owners are able to claim a range of different tax allowances on capital expenditure they incur in making improvements to property.
Commerical property:
- It may be easier to claim the Annual Investment Allowance as an alternative to one of the allowances below.
- The new owner of a commercial property may be able to claim allowances on capital expenditure incurred by the previous owners.
Residential letting property
- No capital allowances can be claimed on the cost of new plant and machinery (fixtures, furniture and equipment) that is used by the tenant.
- Residential landlords may claim the Wear and Tear allowance instead.
Click the allowance to locate the guide:
| Allowance | Details |
| 100% allowance on expenditure incurred in bringing redundant commercial property back into use | |
| 100% allowance on expenditure incurred on energy saving plant and machinery. | |
| 100% allowance on new plant and machinery | |
| 100% allowance on cost of conversion of the empty floors above shops or other commercial premises back into residential use. | |
| £1,500 per dwelling house and given on the cost of acquiring and installing certain energy-saving items | |
| Residential property letting businesses are unable to claim plant and machinery allowances, and can claim one of these instead. |
Did you know that this entire site is covered by Copyright?
Ross Martin Tax Consultancy Limited © 2009 to-date.
Join us on LinkedIn 
