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GOVERNMENT-BACKED INCENTIVES

ANNUAL INVESTMENT ALLOWANCE

Annual Investment Allowance (AIAs) are a tax relief measure in the UK designed to incentivise businesses to invest in plant and machinery. This measure allows businesses to reduce their tax bill and maximise their savings on these expenditures. By taking advantage of AIAs, businesses can improve their operations and drive growth.

DON'T MISS OUT

CAPITALISE ON ANNUAL INVESTMENT ALLOWANCES.

Annual Investment Allowance (AIAs) provide a valuable opportunity for businesses to reduce their tax bill and maximise their savings on plant and machinery expenditures. AIAs allow businesses to claim a set amount of the cost of these assets as a tax deduction, reducing their tax bill and freeing up cash to invest in other areas of the business.

To be eligible for AIAs, the plant and machinery must be new and unused. The assets must also be used for a qualifying activity, such as trading or manufacturing. The amount of the AIA is set by the government and changes periodically.

Our team of specialist tax advisors at HMA Tax has years of experience in navigating the UK tax system and has in-depth knowledge of AIAs. We’ll work with you to identify all eligible assets and help you receive the full benefits of the AIA. Our streamlined process makes claiming AIAs simple and efficient, and our tailored advice takes into account your specific circumstances to help you achieve the best possible outcome.

Don’t miss out on this chance to reduce your tax bill and maximise your savings. Contact our team at HMA Tax to learn more about Annual Investment Allowances and how we can help you take advantage of this tax relief measure.

Learn More at GOV.UK

RECENT EXAMPLE

CLAIMING SIGNIFICANT TAX RELIEF

A modern care home facility was acquired for £3.2m during the 2022 tax year.

We supported their solicitors throughout the transaction and identified £1.23m of previously unclaimed Capital Allowances.

Our specialist input allowed our client to utilise their entire £1m Annual investment Allowance, ensuring a first year benefit of £492,800.

Purchase Price of Property

£3,200,000

Capital Allowances Identified

£1,232,000

Property Owners Tax Rate

40%

Tax Relief

£492,800

Initial Tax Refund

£430,401

PARTNER WITH EXCELLENCE

THE UK'S LEADING CAPITAL ALLOWANCE SPECIALISTS

With over 7,000 claims completed, HMA Tax is trusted by thousands of commercial property owners, Accountants & Solicitors across the UK.

Our service is guaranteed to be fully HMRC compliant, meaning our clients have peace of mind when claiming their Capital Allowances with the UK’s leading independent specialists.

We regularly handle Embedded Capital Allowance claims for commercial property owners and property professionals, ensuring that they are processed quickly, efficiently and effortlessly.

Has my accountant already done this?

Probably not. It’s a highly specialised area of tax statute and requires very specific knowledge of this area as well as a specialist team that includes a chartered surveyor and a chartered tax specialist.

Will this effect Capital Gains Tax (CGT) on my property?

No, Capital Allowance claims do not effect the value of your property and have no impact on your Capital Gains position.

In fact, when buying or selling commercial property, a Capital Allowance claim from HMA Tax can have a positive impact on your overall position.

Will this cause a problem with HMRC?

Capital Allowances are part of standard business routines and are therefore claimed each year on costs incurred to operate.  HMRC does not take issue with Capital Allowance claims on the basis we adhere to guidelines and the legislation applicable to each claim.

Fortunately, at HMA Tax we have a flawless, 100% success rate with claims we have made to HMRC and have never had an issue completing a claim with HMRC.

Are there any hidden costs?

Absolutely not. We look at claims for you on a results only basis, which means that if we do not find allowances that have been approved by HMRC, then we wont charge, you and any initial costs are covered by us. Our fee is completely linked to a successful outcome, so there is nothing to lose by investigating a potential claim.

CLAIM THOUSANDS OF POUNDS IN TAX RELIEF

ESTIMATE YOUR CAPITAL ALLOWANCE CLAIM IN TWO-MINUTES

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