If you own certain commercial properties then you are liable to pay a heavy amount of tax. The taxes are charged by the government on your property or the machinery you own. To reduce the amount of money you spend on taxes to the government, you can utilize the option of capital allowances. This is a special allowance that every company can claim so as to reduce the amount of taxes that they pay.
The capital allowances are one of the best ways for a person to reduce the amount of taxes that they pay for their high possessions of commercial property. Taxes can be reduced by certain steps which are renovation of the apartments or the buildings situated in the commercial property. Government allows a great tax reduction for renovation purposes. You can avail this benefit by applying for a capital allowance and thus at the end reduce the amount of tax that you pay to the government.