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Pretty in Pink

31/5/2016

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This month saw Catherine at the Savile Club in London wearing pink in a sea of navy, black & grey.
Why? She was attending a property Capital Allowances tax seminar and was one of the only Be Your Own Boss / Entrepreneurs / Women in the room. The good thing about this is that we can share with you some of the top tips we got:

  • Review historical capital expenditure to see whether capital allowances were claimed
  • Think Green - expenditure on government listed every and water efficient plant and machinery can be claimed in the first year
  • Land remediation relief may be available at 150% of the cost of expenditure for asbestos removal and other land remediation
  • Check capital allowances were claimed on existing plant and machinery before stripping them out for a refurb
  • Thermal insulation and double glazing can be claimed
  • If the property has been empty for more than a year check to see whether Business Premises Relief allowances are available
  • And get advice on capital allowances when buying and selling
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    Authors

    Turner Invest Directors Catherine & Stephen Turner

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