Catax 5 Services Explained.

Embedded Capital Allowances Tax ReliefEmbedded Capital Allowances tax relief offsets the hidden expenditure in a commercial property. Typically, this tends to include embedded elements within the property such as air conditioning, wiring, heating, lighting, and security systems. All UK taxpayers that own commercial property, personally or withi....
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Annual investment allowance. Beware the transitional rules

Annual investment allowance – Beware the transitional rules The annual investment allowance (AIA) was increased from its usual level of £200,000 to £1 million for the two-year period from 1 January 2019 to 31 December 2020. As this period draws to a close, it may be prudent to review planned capital expenditure, particularly where this has be....
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Tax reliefs for expenses of working from home

Employees, can you claim tax relief for expenses of working from home?The Covid-19 pandemic has meant that more employees worked from home than ever before.This trend looks set to continue following the Government’s latest advice to continue to work from home where you can do so. Further, many business plan to embrace flexible working beyond the en....
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