Can You Claim Security Fencing and Gates Under Capital Allowances?

Capital allowances are a form of tax relief which allow your company, business or organisation to write off the cost of certain types of its assets against its taxable profits. There are various different types of capital allowances. Each ‘type’ comes with its own set of rules, which you must follow, and are used to work out how much relief you can claim. Capital allowances are available for certain assets, including cars and other vehicles, machinery or tools, but also for some building-related spending, qualifying spending on research and developments, and donations of used business assets to charity. Organisations and companies liable for Corporation Tax, self-employed people, people working in partnerships and sole traders are all eligible to apply for capital allowances.