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As a tenant of a commercial property you may be entitled to claim capital allowances for capital expenditure you incur in connection using the property under the lease.
So, if you are leasing a property and are subject to either UK income or corporation tax, Cavetta Consulting can help you assess the potential value of the capital allowances associated with your capital expenditure.
The typical scenarios where you will be able to claim tax relief are:
If you consider capital allowances at an early stage of a transaction or redevelopment, it will allow you to maximise your capital allowances position.
Claiming capital allowances is a statutory right. The benefits of claiming this relief to you are that it will improve the cash flow of your business, lower risk for those supplying loans to the business and may be used as a means to preserve and enhance the value of your asset.
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