How much tax relief does it take to change a light bulb

The extension of Enhanced Capital Allowances to include electrical systems may be one of the most important changes under the new system, according to property tax and finance specialist Davis Langdon Crosher & James. The company has carried out a modelling exercise on a new office scheme showing stark comparisons between conventional lighting which can be written off against tax at 10% a year and low-energy lighting that qualifies under the Enhanced Capital Allowances scheme for 100% first-year allowances. The savings for the low-energy lighting amount to £174 000 over 10 years. Capital-allowances relief from conventional technology is only £54 711 over the same time frame. David Rees, a partner with DLC&J, says, ‘Although on the surface there may have seemed little to cheer about in the Budget, the change to capital allowances could yet have a significant impact on building specifications and energy performance. If the Chancellor was looking for good news topics, this is one that slipped the net. Added to which, there is still only limited publicity regarding interest-free loans from the Carbon Trust of up to £100 000 towards low-carbon or energy-saving technologies.’



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Peak performance from Quickfridge

Calling it a Quickfridge might be stretching it, but charity fundraiser Daniel Fairbrother made the most of support from Beijer Ref in the gruelling 100km Peak District Ultra Challenge.

LIA launches its new Website, Online Learning Portal and Member Engagement Platform

The Lighting Industry Association (LIA) has announced the successful launch of its newly refreshed website, which went live on 2nd July 2024. This launch marks a significant milestone in the LIA's ongoing commitment to enhancing member experience and providing key resources for continuing professional development.