Hotel FITS

[woko]

Hi, I'm pricing a job for a hotel roof. I've just come to do the SAP Cals and I'm not sure on the FITs. I'm pricing for a 4KW and a 8KW installation.

Are the FITS the same as domestic?

 

[TedM]

Yes, all rates are the same.

 

[Worcester]

Rates are the same, income will be taxable, (business income) see other posts, purchase price can be offset using capital allowances etc.

 

[woko]

Thanks chaps

 

[SRE]

Rates are the same, income will be taxable, (business income) see other posts, purchase price can be offset using capital allowances etc.

Our accountant reckoned it wasn't offsetable (if that's a word!) against capital allowances (or was it enhanced capital allowances ...) confused - can you point me in the right direction please?

 

[Worcester]

It's the enhanced capital allowances that can't be used, it comes under normal capital allowances and plant and machinery.

 

[BruceB]

It falls within the Annual Investment Allowance of £100,000 for the year to 1 Apr 12.
From 1 Apr 12, the Annual Investment Allowance is due to fall to £25,000 per year, assuming the Government put the legislation in place as heralded.

Spend early!

Regards
Bruce