Until recently, because charities do not generally pay income or corporation tax, they often thought that they did not need to consider capital allowances on fixtures in a building they bought or sold.

Changes in the capital allowances regime mean, however, that this is no longer the case.

Kate Slattery, associate solicitor, and Janes Innes, consultant, in the charity and social business team, discuss the importance of capital allowances.

Capital allowances – not to be ignored.pdf