Property Embedded Capital Allowances

What happens when sufficient detail isn’t available?

A lot of tax relief is missed, however, not necessarily lost!

There’s no doubt that the accounting profession has established routines for assessing Capital Allowances and therefore it’s important to stress that we’re not questioning their ability. We look to enhance the level of Capital Allowances and tax relief claimed by introducing additional disciplines that add value to their work. For example, 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 and Fittings!).

We work alongside business advisors and the accounting profession to maximise the tax benefits available to their clients by claiming the capital allowances on the embedded fixtures and fittings within their client’s commercial properties. Accountants are restricted to the information provided to them and therefore are too often unable to maximise claims, resulting in businesses paying higher taxes.

In 90% of cases we review, additional Capital Allowances are extracted from Land & Building and Leasehold Improvement costs.

Typically we uncover 25% of property costs and 50% of property improvements, therefore creating a significant role in a business’s tax planning.