Capital allowances

Now that non-resident investors are within the charge of UK corporation tax from April 2020, restrictions on relief from interest deductions (on both related party and bank debt) will apply. Therefore, it has become increasingly important to focus on other available reliefs, capital allowances being the most important of these. As the largest capital allowances practice in the UK, Deloitte’s team has a particular focus on property investors. They routinely advise clients that have already received capital allowances advice from other advisors and through their specialist expertise in over 90% of the cases are able to pull through significant additional tax shelter.