Capital Allowances reduce your taxable profits, meaning you pay tax on a smaller figure and retain more of your profits.

Types of properties that can claim Capital Allowances range from office blocks, holiday homes, bars, restaurants, football stadiums and everything in between.
In short, Capital Allowances are a form of tax relief given in place of depreciation (which is not allowable for tax purposes) on qualifying items of plant and machinery. This extends to many fixtures and fittings in a commercial building (and some larger residential ones).