Designing Your Workspace
Designing a workplace, in any business sector, to meet the needs of your people has so many benefits, but your new workspace fit out can be expensive. However, items such as air-conditioning, carpets and WCs can qualify for capital allowances and can save you some tax.
Many business owners or property investors are aware that they get tax deductions for what is deemed a ‘repair’ and goes through their profit and loss account. Fewer are aware of Capital Allowances, a form of tax relief which can provide a valuable tax saving if claimed on certain property expenditure.