With recent tax changes, now is a good time to assess whether all of the historic expenditure on an FHL property has been optimised for tax relief through capital allowances.

As a landlord of a Build to Rent (BTR), Private Rented Sector (PRS) or Purpose-Built Student Accommodation (PBSA) investment property, you may be entitled to claim tax relief on your expenditure through capital allowances.

In a time of increasing pressures on families, businesses and the economy, the government has introduced four pillars which will continue the UK’s economic growth which are – Enterprise, Employment, Education and Everywhere.

The accelerated tax relief is due to come to an end on 31 March 2023, so this is your last chance to make use of the government incentive before the relief is withdrawn.

This relief provides tax deductions for expenditure incurred on certain assets that would not previously have qualified for capital allowances, potentially reducing the cost of investment and carrying on business in the UK.

As part of the Autumn Budget, Jeremy Hunt, UK Chancellor outlined he’s three priorities for the country which focussed on stability, growth, and public services. Our handy one-pager summary provides an overview of the budget announcements.