Commercial landlords and property investors who are subject to either UK income or corporation tax are able to claim property tax relief in the following circumstances:
The acquisition of the property
The refurbishment or and fitting out of the property
The lease of the property to a business
Considering capital allowances at an early stage in either a transaction, redevelopment, or lease incentive will provide you with the opportunity to maximise your capital allowances position.
Claiming capital allowances is a statutory right. The benefits of claiming this relief for you are that it will improve the cash flow of your business, lower risk for those supplying loans to the business and may be used as a means to preserve and enhance the value of your asset.