What are Capital Allowances? How do they work?

Great video! What capital allowances can be claimed on a normal buy to let property? I didn't realise you could claim any. Thanks in advance! Cheers.

Hi Kimberly, this was a great video. I have the below questions.

1. Can you claim capital allowances if you hold the commercial property in your personal name?
2. If you sell a commercial property which is in your personal name, can you claim rollover relief?
3. Can you claim sideways loss relief if you have sufficient amount of capital allowances in a commercial property which is in your personal name to offset the income tax from your day job?
4. Can you claim Entrepreneurs relief on the sale of a commercial property which is in your personal name?

Great video. How do you determine the capital allowance values of building assets in a building you buy such as lift, fire alarm etc?

Great vid Kim. Just recently started a serviced accommodation business, how do I establish what’s eligible for capital allowance?

S tax specialise in this area and are amazing