Capital Allowances

Had a few letters in the post and a few phone calls regarding capital allowances.
Anyone with an experience of this, more importantly, I hear they take a cut and really wanted to know the spread.
Cheers

Basically, HMRC are changing the system regarding the claim of capital allowances.

Businesses which, for example, own industrial units may not have claimed all of the capital allowances they could have done.

It is routine to claim capital allowances for “movable” fixtures and fittings in a shop, for plant and machinery in a factory, or for furniture in a furnished holiday let. They cannot claim such allowances for the “immovable” fabric of the building, however, which is viewed as a non-depreciating asset.

The letters you are describing are concerned with the grey area between “movable” and “immovable”. Clearly office furniture is movable and the roof is immovable. But what about air-conditioning, plant, emergency lighting and alarm systems?

If any such claim is to be made then they will have to be made soon before HMRC change the rules.

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