CAPITAL ALLOWANCES

​Capital Allowances are a valuable form of tax relief available to anyone incurring capital expenditure buying, building or making adjustments to commercial property.

To simplify, they are a way for the owners of commercial property to reduce their tax bills. Examples of properties on which capital allowances can be claimed include:

  • Hotels and B&Bs

  • Nursing and residential homes

  • Dental and GP surgeries

  • Factories and industrial units

  • Filling stations and garages

  • Depots and warehouses

  • Haulage yards and transport facilities

  • Offices and retail stores

According to research, more than 9 in 10 owners of UK commercial property, from the smallest newsagent to a 30-storey office block, will be due a tax benefit from HMRC as a result of unused CA tax relief.

Why is so little known about unused Capital Allowances?


The problem, historically, has been that identifying capital allowances within commercial properties is extremely complex, so much so that even accountants only scratch the surface.

Indeed, while accountants will claim on more obvious items such as shutters and curtains, fire extinguishers and carpets, generally speaking they will not drill down to the items where the far more significant costs to a business lie. These might include cabling, air conditioning, heating, lighting and security systems.

Specialist capital allowances firms, on the other hand, draw on a far more detailed understanding of capital allowances practice and law and carry out an in-depth forensic survey of the property (or properties) in question.

Maximum capital allowance tax savings thanks to our experience and expertise

​Complete confidence and efficiency for our clients with our proactive and personal service

Accurate, detailed and robust tax relief claim reports

Benefits of our service

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  • Maximum capital allowance tax savings thanks to our experience and expertise

  • ​​Complete confidence and efficiency for our clients with our proactive and personal service

  • Accurate, detailed and robust tax relief claim reports

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​Crucially, we do not require any upfront fees.

 

01744 309 251

©2019 by Alfay Tax Solutions (UK) Ltd.