At CA Select, we’re passionate about helping UK businesses unlock the hidden value in their commercial properties through expert capital allowances advice. Our blog is where we share practical insights, updates on tax legislation, and real-world examples to help you better understand the benefits of capital allowances. Whether you’re a property investor, accountant, or business owner, you’ll find useful guidance to support smarter decision-making and improved tax efficiency. Stay informed, stay ahead — explore our latest posts below.
A recent Court of Appeal decision has delivered excellent news for businesses involved in major construction and infrastructure projects. The ruling confirms that pre-construction development costs such as environmental studies, design work, and surveys can qualify for capital allowances in many cases. This decision could open the door to significant additional tax relief for commercial…
Running a commercial property comes with many costs – but did you know there’s a hidden tax relief that could significantly reduce your tax bill? Capital allowances are a government-approved way for property owners to claim tax relief on certain expenditures, yet many businesses don’t even realise they qualify. Why Are Capital Allowances Overlooked? Many…
As an accountant, you’re always looking for ways to help your clients save money and improve their tax efficiency. One area that is often overlooked is capital allowances. By ensuring your clients are fully utilising these tax reliefs, you can add significant value to your services and strengthen client relationships. What Are Capital Allowances and…
A Guide for Commercial Property Owners Introduction Capital allowances are one of the most overlooked tax relief opportunities available to commercial property owners in the UK. If you own a commercial property, you could be entitled to claim thousands of pounds in tax relief – but many businesses fail to take full advantage of this.…
Do you own Furnished Holiday Lettings?… DON’T MISS OUT! In their Spring Budget, the conservative government announced plans to abolish the FHL’s tax regime from April 2025. However, there is still time for FHL owners to prepare and submit capital allowances (‘CA’) claims to reduce their tax liabilities on current and historic qualifying expenditure. If…
Following the recent Spring Budget announcements, the government has declared its intention to end the furnished holiday lettings (FHL) tax framework. This move aims to discontinue existing tax privileges for landlords operating short-term furnished holiday properties, favouring longer-term residential property rentals. Among the current tax advantages, not limited to FHL proprietors, are deductions for interest…
HMRC has recently updated its guidelines to clarify that a partnership containing a corporate member is eligible to assert capital allowances typically reserved for corporations. This encompasses allowances such as the super deduction and full expensing. The computation of a partnership’s profits is contingent upon the tax regulations applicable to its members: HMRC has revised…
It was recently announced that two new Freeports would be established in Wales – Celtic Freeport covering Milford Haven and Port Talbot and Anglesey Freeport in North Wales – with the potential for an Investment Zone worth up to £160m in North East Wales. Consequently, we decided to put together this article to highlight some…
In March 2021, when the decision to raise the corporation tax rate to 25% was initially disclosed, a concurrent introduction of the super-deduction was made aimed to mitigate the impact of this transition. However, as the super-deduction concluded on March 31, 2023, amidst persistent challenging economic conditions in the UK, there was widespread anticipation for…
Businesses that spend money on eligible costs for constructing or upgrading commercial structures and buildings within designated Freeport tax sites will receive a special tax benefit. This will involve an increased rate of Structures and Buildings Allowance (SBA) that applies to qualified expenses related to creating new structures or improving existing ones, specifically for commercial…
Offices:
| Stoke on Trent: | 01782 301077 |
| Wrexham: | 01978 596335 |
Company No.11323010
Copyright © 2025 | CA Select limited | All Rights Reserved
