What is Capital Allowance?
Capital Allowances allow commercial property owners to claim qualifying items of capital expenditure as a tax deduction and are a valuable tax relief. Property Capital Allowances can recover tax paid and reduce taxes for companies and individuals that have spent capital buying/improving commercial property. A Capital Allowance is a taxable benefit against expenditure on Plant and Machinery for the purpose of the trade.
What are Plant and Machinery?
According to HMRC “There is no definition of ‘plant’ in the Act: but, in its ordinary sense, it includes whatever equipment is used by a businessman for carrying on his business. This does not include stock-in-trade which is purchased or makes for a sale, but all goods and chattels, fixed or moveable, live or dead, which is kept for permanent employment in the business.”
What about the embedded fixtures and fittings of your commercial property?
Capital Allowances allow commercial property owners to claim qualifying items of capital expenditure as a tax deduction and are a valuable tax relief.
Property Capital Allowances can recover tax paid and reduce tax liabilities for companies and individuals that have spent capital buying/improving a commercial property. To ensure the maximum level of tax savings can be claimed, we will survey the property to highlight the embedded items that are not visible within the paperwork. As illustrated below.
If you or your clients have spent capital buying or improving a commercial property and have not had a survey to highlight the embedded fixtures and fittings, then you could be eligible to claim.
We could help you to secure tax savings from your commercial property and reduce your taxable income!
Important:
We find the most efficient way of assessing whether tax savings can be achieved is through a conversation with accountants.
We are aware of the accounting routines for assessing Capital Allowances and stress that we’re not questioning anyone’s ability, but by applying additional disciplines, our aim is to increase the level of Capital Allowances claimed and add value to their work. A survey completed on the property to identify items that are not visible within the paperwork and sit within Land & Buildings on the Balance Sheet (not Fixtures & Fittings).
Don’t miss the hidden value in your business! Contact us today to find out if you can claim.
Latest News
-
18 June 2025Can You Use Annual Investment Allowance for Green Energy Upgrades in Offices?
With energy prices on the rise and sustainability high on the business agenda, many companies are investing in green energy upgrades for their office buildings. Whether it’s installing solar panels, upgrading to energy-efficient lighting, or fitting new heating systems, these improvements can reduce... -
10 June 2025
How to Uncover Property Embedded Fixtures and Fittings for Tax Purposes
When it comes to claiming capital allowances, one of the most commonly missed opportunities lies in embedded fixtures and fittings within commercial properties. These are often hidden in plain- view, but identifying them correctly can lead to significant tax savings. Here’s a straightforward guide...
Contact Us
Our expert team are here to help answer any of your capital allowances questions or enquires you have about your commercial property.