Talk to the Taxperts

01382 312100

‘Building’ Your Tax Relief

It’s very common for clients to construct new commercial premises whether that is a factory, office, shop, cold store, shed etc. Despite a lot of publicity in this area, many businesses are still unaware of the huge tax reliefs that may be available for a building project.

We would recommend that you take advice from your tax adviser, or you can call our Commercial Property Taxperts, for guidance at the point that your project is gathering quotes for the work.

If you can secure quotes with detailed breakdown of costs, then your adviser can take a highlighter pen and check each of the costs line by line to secure the best tax outcome for you.  Amongst the tax reliefs you might be able to secure are:

  • Items that qualify for plant and machinery, some of which might secure the super-deduction at 130% or perhaps the Annual Investment Allowance (AIA) at 100%.
  • Integral features (which may secure 100% relief also) which might include costs such as air conditioning, electrical systems etc.
  • Structures and buildings allowance for certain costs.

If this work is not done at the planning stage, then your business may miss out on incredible tax savings.

To discuss your circumstances, please contact our Commercial Property Taxperts by calling one of our offices or emailing [email protected].

Latest News

View all latest news

August 31, 2023

Advisory Fuel Rates For Company Cars

The new company car advisory fuel rates (AFRs) published by HMRC take effect from 1 September 2023. The AFRs for journeys undertaken from 1 September are: After being…

August 16, 2023

Maximising Tax Benefits For Leisure Sector Businesses

Running a business in the leisure sector is all about bringing joy and relaxation to your customers. However, when it comes to tax, it’s essential to ensure your…

Download our EQ app and keep up to date with tax news, changes and have access to our EQ Portal, tax calculators and key tax dates at your fingertips. Click on the relevant button on your device to download our free app.

Visit EQ Accountants Visit EQ Accountants

Explore the full range of EQ Expertise