Corporation Tax Increases

Uncategorized Feb 24, 2021

With the Government's decision to increase corporation tax to 23% there has never been a better time to if you are due Capital Allowances.   

Regardless of what industry your business operates within if you have a qualifying commercial property and a freehold or long-term lease then you may be eligible to claim Capital Allowances. 

You can claim Capital Allowances from plant and machinery embedded within your commercial property or any cost incurred within a refurbishment. Now is the perfect time to claim commercial property Capital Allowances because the increase in corporation tax means that your business will benefit from increased tax deductions through your writing down allowance moving forward.

£84 Billion in unclaimed Capital Allowances last year alone! how much of that amount is owed to your business?  

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