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| Hospitality Today | Summer 2017
Capital Allowances in the
Hospitality business
owners ‘in the dark’
about valuable tax relief
by Mark Tighe (below) , CEO tax relief specialists Catax
A shocking two in five businesses in the hospitality industry are completely
in the dark about a valuable tax relief called ‘Capital Allowances’, according
to a poll we carried out recently of UK business owners.
The poll also revealed that nearly half
(46%) of hospitality businesses that own
their own premises have never had Capital
Allowances brought to their attention by
their accountants. Given the money at
play here, this is a major issue.
Capital Allowances, if you’ve never heard
of them before yourself, are a tax relief
available on the ‘intrinsic fabrication’ of
a commercial property that a business
owns. Qualifying items typically include
pipework, cabling, heating, lighting and
air conditioning, security and
communication systems.