Discuss Tax relief on installations in the Business Related area at ElectriciansForums.net

Welcome to ElectriciansForums.net - The American Electrical Advice Forum
Head straight to the main forums to chat by click here:   American Electrical Advice Forum

P

PiratePaul

One of my clients wants to claim back tax relief through using his capital allowance entitlement on installations such as his new air con and fire alarm system. Anybody know a good reputable adviser that they can recommend?
 
I asked the same, Tony, but from what I can gather his accountant didn't appear to have the detailed knowledge that my client needed. Apparently there are capital allowance specialists in the UK, but I personally have never used them so don't know what they can offer that an accountant can't.
 
Wow, an 'accountant' not versed in Capital Allowance, it's like finding an electrician that can't do external lighting, I'd be dropping him/her like the proverbial hot spud!

Hare's the rough criteria:

To claim for qualifying capital expenditure incurred on conversion, renovation or repairs of/to a commercial building or structure, or part of one, it must:

1) Be in an Assisted Area - an area which is considered to be disadvantaged and eligible for regional aid.

2) Not have been used for any trading or other business activity, or as offices, for at least one year before the works began.

3) Be available for business or commercial use after the works are complete - but not for farming, fisheries, aquaculture, the manufacture of substitute milk products or synthetic fibres, shipbuilding, steel or coal industries.

Quite prohibitive really!
 

Reply to Tax relief on installations in the Business Related area at ElectriciansForums.net

OFFICIAL SPONSORS

Electrical Goods - Electrical Tools - Brand Names Electrician Courses Green Electrical Goods PCB Way Electrical Goods - Electrical Tools - Brand Names Pushfit Wire Connectors Electric Underfloor Heating Electrician Courses
These Official Forum Sponsors May Provide Discounts to Regular Forum Members - If you would like to sponsor us then CLICK HERE and post a thread with who you are, and we'll send you some stats etc
This website was designed, optimised and is hosted by Untold Media. Operating under the name Untold Media since 2001.
Back
Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock