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taxadvisor.uk, Chartered Certified Accountant
Category: Tax
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Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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Can you claim Annual Investment Allowances on purchase of leasehold

Customer Question

Can you claim Annual Investment Allowances on purchase of leasehold property?
Thanks
Paul
Submitted: 2 years ago.
Category: Tax
Expert:  taxadvisor.uk replied 2 years ago.
I am sorry to say purchase of leasehold property does not qualify for annual investment allowance. AIA is available on expenditure known as plant and machinery.More information on this can be found herehttps://www.gov.uk/capital-allowances/what-you-can-claim-onI hope this is helpful and answers your question.