Plant & Machinery Allowances (PMAs)

These are the most common form of tax relief available for capital spending on building expenditure. From April 2012, relief is available for qualifying expenditure at a rate of 18% per annum on a reducing balance basis. Rates have been reducing over time from 25% before April 2008, to 20% before April 2012 to the current 18% rate.

PMAs are available in a variety of forms, many of which were introduced or changed in Budget 2007, but were effective from April 2008.

Taxpayers who incur expenditure on commercial property are likely to qualify for PMAs if they are:

• Constructing
• Fitting out
• Refurbishing
• Extending
• Buying or selling property

Our team combines property and surveying expertise, so we understand all aspects of the development process and its tax complexities and can advise you accordingly.

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