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Many UK firms missing out on tax relief for capital allowances

20th March 2012
Many British-based businesses are missing out on tax relief for commercial property fittings that could save them billions of pounds.

Recent insight from City experts has suggested UK firms are missing out on considerable finance relating to any fundamental fabric within their commercial property. Businesses can claim tax relief on any fitting relating to the property, even if the property was acquired as long as a decade ago.

However, changes to the capital allowances rules that are set for enforcement by the Government on April 6 mean any tax rebates will subsequently be based on the previous owner's purchase price of the building.

Read the full story UK businesses urged to claim full tax relief on capital allowances on today.
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