When I say the words “plant and machinery”, I’m not talking about the flowers you are growing on the window sill. Modern building efficiency has muddied the waters in a positive way for business owners. The following features may be justifiable for capital allowances these days, which in these lockdown, remote working times give food for thought, as it cuts your tax bill.
The below items are now generally acceptable as plant and machinery and worthy of tax breaks for business owners.
- Break Out Space
- Energy efficiency
- Building energy management systems
- open plan design
- Corporate themes
- hot desking features
- audiovisual equipment
- employee flexibility
- Gym facilities
- Childcare facilities
- Fire safety systems
- Flexible spaces
My son’s recent visit to the Microsoft HQ in Dublin, it was evident that they had places where employees could even take a nap. Certainly anything that attracts top people is welcome and in a similar vein, retains them. Food for thought. Anything that helps make people look forward to going to work as opposed to dreading it has to rub off on business performance surely?
Training and retraining a workforce is time consuming enough without having to start from point A continuously. Get your thinking cap on.
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