05.06.08
Changes to tax allowances benefit property investors
The new Annual Investment Allowance came into effect from 1st April and gives significant tax saving opportunities for property owners and investors. The £50,000 tax allowance on plant and machinery means that any business purchasing a property could benefit from an effective reduction in the price of up to 10%.
Mark Humphries of developer Greenbox Properties said “ We are finding that more of the prospective owners looking at our schemes in Bromsgrove and Evesham are now interested in buying office units in their own names to benefit from the new Annual Investment Allowance, rather than using SIPP’s as the holding vehicle.”
For more information on how the changes affect you, email our helpline@ca-4.co.uk or call 01905 619224.