Capital Allowances We shine a light onunclaimed tax savingsin 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.
Industries and Sectors we specialise in
Our team have worked on claims across many different sectors for businesses of all different types and sizes. Here's just a few we worked on.
You might be interested in . . .
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.
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Your accountant will not have claimed without using a specialist like ourselves
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.
Capital Allowances Services
Do business better with Zeal
Risk-free service with no upfront costs. We aim to make capital allowances available to all.
Free, no obligation property survey to identify the full scope of fixtures that qualify.
You only pay if your claim is successful. Our fee is based on a percentage of the allowances we find.
We comply will all UK tax legislation and HMRC guidelines and are members of the Chartered Institute of Taxation.
QUICK AND SIMPLE
Get your tax savings quickly and easily. A cash rebate could be in your bank in as little as four weeks.
Unlike other advisors we don’t just prepare the report, we do all the tax for you as well.
Some areas of our business are complex. We explain those complexities on our frequently asked questions page. We even try to explain unavoidable industry jargon. Our regular blogs also provide context to help explain the fundamentals of our work.
If you still can’t find what you’re looking for, please feel free to get in touch. We’d love to hear from you. We’re always happy to chat about your business to help you think differently about tax savings.