

Pubs Restaurants and Capital Allowances-tax relief

jaimelumsden@caadvisoryservices.co.uk
Buying, selling or upgrading a pub or restaurant? Tax relief is available beyond the normal capitalisation of assets.
For upgrades or improvements, tax relief is given for the fixtures and fittings and even for enhancement to atmosphere. These allowances are often overlooked.
Capital Allowances for property embedded fixtures and fittings is a specialist area and Accountants are not always familiar with the HMRC rules. They often seek advice from specialists like CA Advisory Services. We advise on the date regulations for purchases, we send in a Chartered Surveyor to find every possible tax reducing item and we prepare a report for HMRC.
If you are buying selling or improving a pub/restaurant the we can help.