Leaseholder / Tenant
Significant amounts of money are now spent by tenants fitting out their office or retail space or modifying other rented space to make it fit for their business or trade. This expenditure is often capitalised meaning no immediate tax benefit is realised unless capital allowances are claimed. If planned correctly a large proportion of the expenditure will attract valuable tax relief.
Outlined below are the issues that need to be considered at each stage of the project lifecycle to make sure the benefits from the tax relief are fully realised.