BUSINESS owners can claim capital allowance on qualifying plants and machinery.
The capital allowance gives relief on the cost on qualifying expenditure immediately or over a period of time.
Capital allowance, however, is only available to integral features within the building such as lifts, air-conditioning system, electrical system etc.
Business owners can claim tax relief when they sell the property thereby reducing their capital gains.
HMRC is proposing changes to the tax treatment for integral features to the property and the actual structural asset.