Super-deduction extension will benefit property landlords

5 Aug 2021

Property landlords can now take advantage of the most attractive tax incentive for business investment ever offered by the British government, but they need to move fast, according to financial advisers Old Mill

Under the super-deduction, for two years from 1 April 2021 any investments a business makes in ‘main rate plant and machinery’ will qualify for a 130% capital allowance deduction.

When the scheme was first announced in March 2021, property letting companies were excluded from the scheme, meaning only occupiers could claim but amendments set out in the Finance Bill, now given Royal Assent, means they are now eligible to apply for the tax break.

The allowance is only available on investments made on or after 1 April 2021 and before 1 April 2023.