Shaz takes a deep dive into capital allowances and explains, in detail, when and what capital allowances can be claimed and how to effectively claim allowances at the right point

He looks at the different rates and pools that capital allowance items are grouped into and discusses claiming Annual Investment Allowance explaining when it's best to use this. Many people don’t know enough about capital allowances and this can result in them not claiming, listen in and hear great content that will mean you can claim effectively

 

KEY TAKEAWAYS

• Capital allowances are plant, machinery and equipment which are fixed to a building but are not an inherent part of the building
• When you spend money on capital allowances it goes into different pools, depending on the pool it goes to you claim different amounts each year
• Annual Investment allowance is currently a million pounds but only until March 2023
• Where possible claim AIA in one year, it puts you in the best possible position
• When you buy an item it goes into either the main pool, special rate or enhanced capital allowances pool
• It’s important you put your expenditure into the right pool
• If the building is leased you can still claim capital allowances if you have contributed to the building items
• With HMO’s capital allowances claims are now very limited
• Claim all and then make additional funds it’s a balancing charge, claim less and then sell for less there is a balancing allowance
• Be careful about how you claim the allowances if you are considering selling the property in the near future 

 

BEST MOMENTS

‘It’s anything that would need to be ripped out of the building’

‘Most people don’t know about claiming capital allowances’

‘AIA means you can claim all the capital allowances in one year’

 

VALUABLE RESOURCES

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ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of

income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

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•   YouTube.