Capital Allowances
Capital Allowances
Capital Allowances are a government initiative available to both property occupiers and owners. If you have recently invested capital in acquiring, constructing or enhancing commercial properties you are likely to have the opportunity of Capital Allowances.
Typical properties which can benefit:
- Offices
- Care Homes
- Doctors – Dentist Surgeries
- Hotels – Pubs – Restaurants
- Warehouses – Industrial sites
- Holiday Parks
- Any commercial property is eligible
Capital Allowances enable you to offset taxable profits with qualifying capital expenditure to ultimately enhance your tax efficiency, reduce your tax liabilities and potentially generate a rebate.
Items which qualify for Capital Allowances tend to be those which are integral to the property and fall under the following headings:
- Machinery
- Manufacturing and processing equipment
- Storage and display equipment counters and checkouts
- Sinks, baths, showers and sanitary ware
- Furniture & furnishings
- Computer, telecommunication and surveillance systems
- Refrigeration or cooling equipment
- Fire alarms, sprinklers and other firefighting equipment
- Intruder alarm systems
- Moveable partitioning
- Decorative assets provided for the enjoyment of the public
- Electrical systems
- Cold water systems
- Space or water heating systems
- Powered systems of ventilation, air cooling or air purification
- Lifts, escalators and moving walkways
- External solar shading and much more!
We are also proficient in the Structures & Buildings Allowance (SBA) which enables businesses to claim a tax deduction for construction costs including: Fees for design, preparing the site for construction, renovation, repair and conversions costs, fitting, construction works, and much more.
It is not unusual for us to find between 15-25% of a properties purchase value in claimable Capital Allowances with an immediate cash rebate achievable in most cases and/or a tax liability reduction effective for future years.
We will undertake a forensic survey of your property, not just rely on invoices like most providers, to identify every qualifying item and maximise your benefit all documented in a detailed report.
Benefit from Capital Allowances by speaking with our experts.