Enhanced Capital Allowances (ECAs)
Who needs it?
Property investors (sometimes in association with developers) who wish to avail themselves of the 100% first year allowance.
What is it?
The Government has been operating a system of Enhanced Capital Allowances (ECAs) for companies incurring expenditure on energy-saving technologies and water-saving technologies. The first year allowance is 100% of the expenditure incurred on qualifying assets, but the process for identifying and actually making claims is onerous.
Capitus has developed a methodology that ensures that designers take account of the ECA regime when designing the mechanical and electrical installations in a new or refurbished property. Capitus also has a methodology for capturing any allowances that may be available under this heading which includes collation of the required supporting documentation to enable claims to be made successfully. Additionally, sometimes government bodies want to factor energy saving schemes into the design of properties that they engage developers to build for them; these are an additional capital cost to the investor/developer. Sometimes it is possible to structure deals in such a way where the investor takes advantage of the available tax relief and still provides the design solution that the government body or other non-taxpaying entity requires.
Please call 01527 894 863 or e-mail enquiries@capitus.co.uk for queries on any of our services. We will personally get back to you. Our initial advice is free!
