Property Tax Allowancesby: WOODSHIRES BUSINESS SOLUTIONS LTD
- Consultants (excluding equipment suppliers)
- Financial services
- Other support services
- Product development
Capital Allowances are the only form of tax relief available to UK taxpayers for their expenditure on Commercial Property. The items that can be used to reduce taxable profits are usually inherent items of plant and machinery within the fabric of the building. These items are usually taken for granted within the overall purchase price of the property and can be worth 50% of the price paid for the property. Stamp Duty Reliefs are available for both residential and commercial property purchases that are often missed in the calculation of duty due.