The breadth and scope of Capital Allowances is varied and, as such, many businesses and advisors fail to claim the maximum benefit available. Innovation Tax have helped secure millions of £’s of tax relief via Capital Allowance claims for our clients and our specialist expertise and knowledge of the Capital Allowance Act 2001 (CAA2001) ensures our clients benefit from the best advise possible.
Capital Allowances cover a variety of tax reliefs which are claimable on capital expenditure on most assets purchased for commercial use and include the Annual Investment Allowance (AIA), First Year Allowances (FYA), Writing Down Allowances (WDA), Research and Development Allowances (RDA) and Structures and Building Allowances (SBA).