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Capital allowances claims for property fixtures

19 September 2017 / Rob Durrant-Walker
Issue: 4616 / Categories: Comment & Analysis

Fixing it


  • The proportions of commercial property value relating to fixtures means that significant tax relief can be claimed.
  • Dwelling houses are excluded from claims by CAA 2001 s 35 but fixtures in furnished holiday lets can qualify.
  • A fixtures claim does not increase the capital gain because the tax base cost is unchanged.
  • Worked examples of claim methodology.
  • Losses can be claimed by capital allowances claims but remember possible restrictions to the relief.
  • Do not neglect the negotiating position of parties to the property transaction or the election requirements.

The benefits of capital allowances ‘fixtures’ claims on commercial property are well established. The timing of relief the entitlement of property syndicates to the annual investment allowance and the use of capital...

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