Capital Allowances Services
Over half of all businesses will not have claimed their full Capital Allowances entitlement which could be worth hundreds of thousands of pounds. Our specialist team can assist with identifying and submitting Capital Allowances claims on your behalf.
When you buy, lease or improve a commercial property, HMRC allows you to deduct a proportion of qualifying expenditure from taxable profits and reduce the overall tax bill. Opportunities are available when expenditure is incurred on:
- The purchase of a second hand building
- A new build or extension
- Historic expenditure – so long as the asset is still owned
- Refurbishment works or fit-outs
The tax legislation allows claims for hundreds of qualifying items such as heating, electrical systems, sanitary ware and fixtures to name a few. We can offer a thorough approach to Capital Allowances claims and use qualified surveyors to make a full assessment of the fixtures in the fabric of a building.
Typical properties that can benefit include:
- Offices
- Doctors, dentist surgeries
- Care homes
- Hotels, pubs and restaurants
- Warehouses and industrial sites
- Holiday parks
