As the heatwave is set to hit an all time in the UK this week, imagine how hard it would be to survive without air conditioning and how it has such a profound impact on our everyday working life during the warmer months… But, did you know that air conditioning can also be rewarding for your business in other ways than just keeping you cool?
Let me introduce you to Property Capital Allowance – a new government legislation designed to help you choose the right air conditioning system which will qualify as a tax deduction.
What is the Enhanced Capital Allowance?
Capital Allowances allow commercial property owners to claim qualifying items of capital expenditure as a tax deduction and are a valuable tax relief. The aim of our Property Capital Allowances claims is to recover tax paid and reduce tax liabilities for companies and individuals that have spent capital buying and/or improving commercial property.
Are Skyline Air Conditioning products eligible?
All Skyline Air Conditioning products and services will be eligible to claim as part of the Property Capital Allowances.
If you have had any previous air conditioning services implemented on your commercial property, please contact us to see if you are eligible to claim your allowances.
The qualifying air conditioning technology have to meet the published saving criteria which are available in the Energy Technology Criteria List, the criteria listed will be reviewed and updated on an annual basis.
How can I claim my Property Capital Allowance?
The allowance is available to the individual, company or partnership who incurred the relevant costs or purchased the property. The allowance can be claimed on the cost of the product, along with any costs that are directly associated with the provision of the product such as installation costs.
Please visit Property Capital Allowance so you can estimate your tax saving claim.