Capital Allowances

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.

This course has been revised and is up to date for 2022/23.