UK Property 36 - All other capital allowances

The type of capital allowance and amount that you can claim will depend on the cost, type of asset and other circumstances. For example, you can only claim capital allowances for furniture and fixtures or other equipment for use in a dwelling house if it qualifies as a Furnished Holiday Letting (FHL).

You may be able to claim some of these allowances:

• 100% allowance for certain energy-saving equipment, new cars with low CO2 emissions and electric cars
• 18% writing down allowance (WDA) on the balance of your purchases after deducting any Annual Investment Allowance (AIA) if your total costs were more than the maximum amount
• 6% WDA for 'special rate' equipment such as electrical systems and cars with higher CO2 emissions

For more information on C02 emissions for business cars, go to Claim capital allowances.

For more information about capital allowances, go to Claim capital allowances.

Business Premises Renovation Allowance (BPRA) is no longer available for expenditure incurred after 5 April 2017. For more information about BPRA go to Business Premises Renovation Allowance (BPRA).

Fixtures

There are rules for claiming capital allowances if you buy, sell or lease a property with fixtures. If you buy or sell a property that has fixtures, for example, kitchen fittings, electrical or heating systems, you must agree the part of the purchase price to be attributed to those fixtures with the other party to the sale.

You should have a mutual agreement which is usually made by means of a joint election, called a 'section 198' election, which you must tell HMRC about within 2 years of the date of transfer.

If you buy or sell a property, the new owner will not be able to claim allowances for fixtures if the previous owner did not pool their qualifying expenditure on the fixtures.

Pooling includes making a claim for First Year Allowance or AIA for the expenditure. The last owner does not have to claim writing down allowances. As a rule, the previous owner is the last person who was entitled to claim capital allowances on fixtures.

Do not complete if you're claiming the property income allowance, you cannot deduct any allowable expenses or claim any other allowances on this income.