How UK Dental Principals Can Become As Tax Efficient As Possible with Chris Lonergan [CPD Available]

UK Dentists: Collect your verifiable CPD for this episode here >>> https://courses.dentistswhoinvest.com/smart-money-members-club———————————————————————Renovating a dental practice can feel like writing cheques into a black hole. Chairs, HVAC, electrics, partitions, compliance work, reception fit-out, lighting, plumbing, fire systems… the invoices stack up fast, and the tax impact is usually treated as an afterthought. We want to change that. Tax relief through capital allowances can turn a big chunk of commercial property and fit-out spend into real cash flow, and when it’s done properly it is solid, HMRC-recognised planning rather than anything gimmicky.We’re joined by Chris Lonergan from Bonham and Brooke, a specialist team that blends tax, accountancy and quantity surveying to find what many practices miss. We unpack the key categories dentists need to know: structures and buildings allowance (slow, 3% per year) versus plant and machinery allowances (often far faster). Chris shares a real dental fit-out where around £470,000 of £471,000 spend qualified, and explains how that can translate into tens of thousands in corporation tax savings or even a six-figure income tax repayment for the right circumstances.We also get practical on the “who can claim and when” questions: what happens if the property sits in a SIPP, how allowances can be unlocked when you buy from residential use, a charity or a developer, and why leasehold improvements can still qualify because the relief follows the party who paid. Then we finish with the weird but real edge cases that show why itemised invoices and specialist review matter, right down to doors, hinges and functional finishes.———————————————————————Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.Send us Fan Mail