Tax Allowance for relocatable partitioning
SAS Internationalcontact supplier
Tax Allowance for relocatable partitioning
SAS International urge businesses to consider refurbishment now before tax advantages on relocatable and removable partitions change in 2012.
According to recent reports the Annual Investment Allowance which currently offers businesses 100 per cent tax relief on the first GBP100,000 of qualifying expenditure, including relocatable partitioning, will be changed in April to just GBP25,000.
Tax relief for relocatable partitioning has been allowable since 1958.
From April 6 2010 the terms were updated with the new Annual Investment Allowance (AIA) providing 100% relief on the first GBP100,000 of qualifying expenditure and then 20% above.
Prime Chartered Accountants for the Association of Interior Specialists (AIS) cited partitioning that was intended to be movable qualifies as plant and machinery, and is therefore eligible for this allowance, and not seen as part of the building where no tax relief is available.
Malcolm Stamper at SAS International commented: 'In light of this recent news we would urge businesses to consider refurbishment sooner rather than later to benefit from the current terms.'.
Ensuring that new premises are flexible enough to allow for changing business requirements is a core consideration in today's commercial environment.
Relocatable partitioning is ideal to help create private meeting rooms, a reception area or maximise usable space to incorporate a new or separate department into an existing floor.
SAS International has a number of relocatable and removable solutions, such as System 8000 and the innovative C-Joint, which provides options to create both aesthetic and flexible interiors.
Related images
More stories
Waterloo Station stunning new retail balcony
SAS International designed and supplied new retail balcony with curved aluminium soffit cladding under the new Mezzanine level and escalators at Waterloo Station.
Guidance on achieving environmental compliance for interior fit outs downloadweblink
Interior fit out products manufacturer, SAS International, is helping project teams meet environmental compliance to measurement ratings including BREEAM and LEED by launching a set of new environmental statements.
Acoustic linear ceiling for Jordan's concrete airport weblink
SAS International has worked alongside Foster Partners to develop an acoustic ceiling solution for the new, nine million capacity terminal at Queen Alia International Airport in Jordan.
Interior fit out products company sponsors BCO award weblink
SAS International has announced its sponsorship of the British Council for Offices (BCO) National and Regional Awards Fit out of Workplace category.
SAS International products helps Stratford City win another top award
SAS International designed, supplied and installed sustainable metal solutions throughout Stratford City Mall including bulkheads, spandrel panels, bespoke exterior cladding and column casings.