Capital allowances
Capital allowances are used by the government to provide an incentive to invest in capital equipment, including commercial property, by allowing the majority of taxpayers a deduction from taxable profits for certain types of capital expenditure. A surveyor will be able to help you identify opportunities to reduce the amount of tax you pay. Capital allowances provide tax relief for capital expenditure by prescribing a statutory rate of depreciation for tax purposes, instead of the one used for accounting purposes.