The law concerning capital allowances is changed from April 2014. You therefore need to consult carefully with your accountant.
In essence, there are tax savings to be had on a commercial property purchase where capital allowances have never been claimed.
Some people refer to capital allowances as simply, if you could turn your building upside down, everything that didn’t fall out would be a capital allowance. Clearly, it is not as simply as that, and we would advise you need to speak to your accountant on this area.
PLS Solicitors specialise in advising on the complex area of commercial property. We offer a friendly, efficient and effective legal advice on any area of commercial property.
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