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ENHANCED CAPITAL ALLOWANCES

TAX RELIEF FOR ENERGY EFFICIENCY

The ECA scheme was a UK government initiative designed to encourage businesses to invest in energy-efficient and environmentally friendly technologies. Businesses could claim 100% of the qualifying expenditure as a first-year tax deduction.

Though the scheme is no longer active, understanding its structure provides valuable insights into optimising similar opportunities today.

Currently Available Schemes:

  1. Full Expensing 
    Full Expensing, effective from April 2023 until March 2026, provides an unparalleled opportunity for businesses to fully deduct the cost of their qualifying plant and machinery investments against their profits.
  2. Annual Investment Allowance (AIA)
    The AIA enables businesses to claim 100% tax relief on qualifying expenditure up to a specified limit, making it a vital tool for ongoing capital investment.
  3. Structures and Buildings Allowance (SBA)
    Investments in commercial structures and buildings benefit from a multi-year tax deduction, promoting long-term development.

THE CAPITAL ALLOWANCE ACT 2001

BENEFITS OF ENHANCED CAPITAL ALLOWANCES

  1. Immediate Tax Relief
    Businesses could deduct 100% of the qualifying equipment cost from taxable profits in the year of purchase, significantly improving cash flow.
  2. Support for Sustainable Practices
    ECAs incentivized investments in energy-saving technologies, reducing carbon footprints and operational expenses.
  3. Market Competitiveness
    Energy-efficient upgrades allowed businesses to improve operational efficiency and sustainability, providing an edge in a competitive market.

CLAIM THOUSANDS OF POUNDS IN TAX RELIEF

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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 against cost clients incur 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 charge you nothing 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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