Capital Allowances We shine a light on
unclaimed tax savings
in your business property

The best kept secret in property tax

When you buy a capital asset – like a machine for your business – you cannot deduct its cost to reduce your tax bill. Instead, you may be able to claim capital allowances. Capital allowances extend to the fixtures you acquire with a commercial property. Fixtures include the electrical, heating and ventilation systems, kitchens, sanitaryware, alarm systems, etc. In other words, if you were able to turn your building upside down, its fixtures and fittings would not fall out.

As a complex area of UK tax legislation, most property owners are unaware that they are eligible to claim tax relief on part of the price they paid to buy their business premises. This is for the embedded fixtures and fittings that were already within the fabric of the building at the time of purchase.

How much tax can be saved?

A claim on these fixtures could represent a substantial tax saving and, in most instances, cash repayments of tax from HMRC. We find on average that between 20 percent and 40 percent of the cost to buy or build the property will qualify for capital allowances. Our average tax saving per property is around £35,000. Check out our case studies to read some of our success stories. It’s important to mention that not every property acquisition will be due tax relief. Our team can carry out all the necessary enquires, at our own cost, to determine a property owner’s entitlement to claim.

Why accountants don't claim this

Identifying the value of embedded capital allowances for the purchase, refurbishment and construction of a business property is a complex area of tax legislation. So much so, it is often misunderstood or overlooked by generalist accountants. Claiming capital allowances on embedded fixtures purchased with land & buildings goes beyond the skills of accountants. This is due to the need for surveyors and expert tax knowledge. As property tax and surveying specialists we can identify all qualifying expenditure by conducting a one of our technical surveys on your building.

Remember, even if your accountant has made a claim, we can usually increase it. Get in touch to find out more.

We love saving our clients tax!

Our team is made up of dedicated tax specialists and in-house surveying experts. They delve deep into your property investments to uncover every item that would qualify for tax relief. We have helped businesses all over the UK recover £millions from HMRC.

Most of our clients did not realise they were eligible for tax savings before we helped them. In most cases, we are happy to work on a success fee basis. Better still, we do not have any fixed survey costs. Of course, not every property purchase is eligible for tax relief. Our specialists will be happy to find out if your property would qualify.