How the Government’s ‘super-deduction’ scheme could save you money on your office improvements
Chris Lunn • Jun 11, 2021

Now is a great time to invest in new office furniture, air conditioning systems or passenger lifts, thanks to the Government’s ‘super-deduction’ scheme.

The Government launched a new 'super-deduction' scheme in April, making capital allowances available for companies investing in qualifying new plant and machinery between 1 April 2021 and 31 March 2023. Under the super-deduction, for every pound a company invests, their taxes are cut by up to 25p.

Investments in assets qualifying for capital allowances at the 18% main rate will benefit from a 130% first-year allowance. These include assets such as office desks and chairs. Investments in 'special rate' assets normally qualifying for allowances at only 6% will benefit from a 50% first-year allowance. These include long-life assets and integral features in buildings such as lifts and air conditioning.

Essentially, that means now is a great time to invest in new equipment - the scheme is not available for used or secondhand equipment.

When it comes to office equipment, you can claim on:

  • Office desks and chairs
  • Air conditioning equipment
  • Passenger lifts
  • All of the above we at Glenside can provide as part of a wider commercial fit-out or refurbishment (or any of our other services) or as a stand-alone service.

If you are thinking of changing your furniture in the next few years; or improving accessibility with a passenger lift; or refreshing your air conditioning system, we recommend taking advantage of the great savings available through this scheme before it runs out.

Contact our friendly team today to find out more and discuss the possibilities.

Note: It is important to be aware that we are not tax advisors, so it would be best for you to run any questions about this scheme past your accountant.

Join Our Mailing List

All data is handled inline with our Privacy Policy and you may unsubscribe at any time.

Sustainable Office Design: Eco-Friendly Solutions for the Modern Workplace

By Alice Colborne • 10 May, 2024
Eco-friendly office design is on the rise with lots of employees moving back into the office more regularly, businesses are looking for ways to save on rising costs as well as do their bit to be as eco-friendly as possible and protect the future of our planet. Eco-friendly offices have a reputation for being costly because it requires additional planning and sourcing of more ‘unusual’ materials. However, this isn’t always the case. While sustainable design may come with a higher upfront price tag, it can save your business significant amounts in the long run.

How the right office furniture can improve employee wellbeing

By Alice Colborne • 10 Apr, 2024
In today's fast-paced corporate landscape, it's easy to overlook the importance of employee wellbeing. However, research suggests that prioritising the comfort and health of employees can significantly enhance overall productivity and satisfaction levels within the workplace. One underestimated yet simple solution to employee wellbeing is the selection of quality office furniture. The right office furniture can play a pivotal role in employee health and productivity. Here's how:
Share by: