Chris Roberts, Managing Director at Capital Allowance Review Service, a firm specialising in helping UK commercial property owners and investors uncover overlooked tax reliefs, offers insight into legitimate ways for small businesses to reduce their tax burden. He notes that understanding available reliefs can significantly impact cash flow and long-term growth. Small business owners can utilise capital allowances, a frequently overlooked tax relief, to deduct the cost of certain assets from profits before tax.
These allowances apply to a wide range of business assets, including machinery, equipment, and fixtures within commercial properties. Notably, items such as heating systems, electrical installations, and certain building alterations can qualify. Claims can also be made retrospectively on assets owned for years.
For 2025, the Annual Investment Allowance (AIA) permits businesses to claim 100% tax relief on qualifying plant and machinery up to £1 million. This allows for significant savings on office furniture, manufacturing equipment, and more. With the rise of hybrid and remote working, small business owners operating from home can claim a portion of household costs as business expenses.
This includes a proportion of electricity, heating, internet, and phone bills based on the space and time used for business purposes.
Chris Roberts, Managing Director at Capital Allowance Review Service , a firm that specialises in helping UK commercial property owners and ...Alternative viewpoints and findings: Visit website
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