UK Tax Questions? Ask a UK Tax Advisor for answers ASAP
Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.
Property in itself does not attract any Capital Allowances. The F&F probably do come under the very wide definition of plant and machinery, in which case Annual Investment Allowance (AIA) is available up to 250K [Jan 13 - Apr 14] or 500K [Apr 14 - Dec 15]. Pinsent Masons, Solicitors warn however, of lower rates for certain items viz:
'However, certain assets in a building are designated as 'integral features' and qualify for allowances at the lower special pool rate if expenditure was incurred in respect of them on or after 1 April 2008. The following are designated as integral features:
Of course these may not affect your company
I do hope that my reply has been of assistance.