Buying a second hand property, or new property, or undertaking an extensive refurbishment? Our capital allowances service is fast, hassle free, and helps you benefit from significant tax relief.
Our capital allowances claims services for property / buildings are professional and highly competitive.
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In 2018 the government introduced a new Structures and Buildings Allowance …
Do you own a commercial property either freehold or leasehold? Or have you spent a significant amount of money developing a property whether you own it or rent it? Many companies, partnerships and individuals have not claimed their full entitlement of capital allowances. If so you may be misiing out on tens, if not hundreds of thousands of pounds in legitimate tax relief. This type of tax relief applies to “Plant & Machinery Fixtures” in commercial properties and is allowable under the Capital Allowances Act 2001 (CAA2001). It is in lieu of depreciation which is not eligible for tax relief. While “Plant and Machinery (P&M) Fixtures” is the technically correct terminology you may also see reference to “Integral Features” and “Embedded Fixtures”.
If you own a commercial property (or have spent a significant amount developing a rented property) and pay tax in the U.K., it is worth investigating if your expenditure qualifies. You may be the landlord or run your own trade at the property. Capital allowances will apply if the building has “Plant & Machinery Fixtures” which support your business activity and you pay tax in the UK. We work with large corporates such as SAAB UK, as well as partnerships and individuals. Our clients are often introduced by their accountants large and small.
As well as the general equipment you use for your work such as computers or photocopiers, you can make capital allowances claims for commercial property expenditure against “Plant & Machinery Fixtures” in your building.
There is no definitive list of these “fixtures” and identifying all of them and valuing them appropriately is what makes us Capital Allowances Specialists. Here are some examples of what may qualify
You may already be claiming some level of capital allowances tax relief for things such as computers and loose furniture but by ignoring “Plant & Machinery Fixtures” you may have greatly underestimated the extent of what is claimable. If this is investigated by us, you may well be entitled to a sizeable tax rebate and many further years of ongoing tax relief.
We make it straightforward to claim capital allowances for your commercial property. We have a long history of making successful capital allowances claims on behalf of our clients. If you think your commercial property could be eligible, contact us via our Capital Allowances Estimate Form or by telephone or email. We will provide a capital allowances estimate for your commercial property and advise you on your options. Unlike other professions we do not charge for general advice and guidance. We only charge when we are able to make a substantial claim.
