Capital Allowances
Revised and up to date for 2025/26. This course will help you to manage tax liability by claiming the appropriate capital allowances. Discover the types of reliefs available for cars and structures and buildings. You’ll also gain an awareness of the associated issues and pitfalls involved.
£100 +VAT
Capital Allowances
£100 +VAT
This course will enable you to
- Understand the basics of capital allowances
- Define what is and isn’t capital expenditure
- Recognise who can claim capital allowances and how they are claimed
- Identify different capital ‘pools’ and the rules for each
- Advise on capital allowances for cars, structures and buildings
- Avoid some common pitfalls
About the course
Capital allowances reduce a business’s taxable profits and enable it to retain more of its profits. With depreciation not allowable for tax purposes, a thorough understanding of capital allowances is critical in managing the tax liability for any business with capital expenditure.
This course explains how to identify capital expenditure and whether it is allowable, and explains capital allowances and the practical issues you could encounter. You’ll discover different capital allowances ‘pools’ and rules for each, as well as the reliefs available for cars and structures and buildings.
Please note, this course only covers the United Kingdom.
Contents
Introduction to capital allowances
Capital allowances overview
Capital allowances
Claiming capital allowances
Finding the tax legislation
Explaining capital expenditure
Plant and machinery
Full expensing
Other types of capital allowances
Key things to remember
Pooling and fast-track allowances
Capital allowance pools
Claiming capital allowances
Explaining pooling
Understanding first year allowances
The AIA
General exclusions
Further allowances
Available reliefs for cars
Buildings
Dealing with structures and buildings
The key features of SBAs
Qualifying activities
Claiming SBAs
Other types of expenditure
Research and development allowances
Practical issues
Key practical issues
Claiming capital allowances
The date of expenditure
Time limits for capital allowances
AIAs and WDAs
Getting the timing right
Writing off small pools
How it works
Author
Sarah Laing
Sarah is a Chartered Tax Accountant (CTA) and a member of the Chartered Institute of Taxation (CIOT). Sarah currently works as a freelance tax author providing technical writing services to the tax and accountancy professions.
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