What is Capital Allowances tax relief?

Capital Allowances tax relief offsets the hidden expenditure in your commercial property. Typically, this includes elements such as air conditioning, wiring, heating, lighting and security systems – essentially everything that would remain in the building if you tipped it upside down!

All commercial property owners who are UK taxpayers may be eligible to claim Capital Allowances tax relief. Your eligibility depends on several criteria, and assessing this is complicated; however, we can take this stress off your hands. Our team of experts are here to help you determine if you have unused allowances hiding in your property – just give us a call!

What are Capital Allowances?

Capital Allowances tax relief offsets the hidden expenditure in your commercial property. Typically, this includes elements such as air conditioning, wiring, heating, lighting and security systems – essentially everything that would remain in the building if you tipped it upside down!

All UK taxpayers that own commercial property, personally or within an Ltd Company, may be eligible to claim Capital Allowances tax relief. The eligibility and value of the claim depends on multiple criteria and assessing this can be complicated, however, we can take this stress off your hands.

Capital Allowances on Property

Capital Allowance are a statutory tax relief available to UK taxpayers under the condition of certain ‘qualifying’ assets in order to qualify for this form of relief:

  • The property owner must be a UK taxpayer
  • The Property must be a commercial property (either let to a third party or occupied for trade)

Examples of Eligible Properties:

  • Restaurants and Pubs
  • Hotels and B&Bs
  • GP/Dental Practices
  • Warehouses
  • Care/Nursing Homes
  • Offices
  • Retail
  • Factories
  • Nursing and After School

Examples of Qualifying items:

  • Heating
  • Lighting
  • Electrics
  • Air Conditioning
  • Hot and Cold Water
  • Fixed Internal Fittings
  • Communication Installations

Does my business qualify?

  • Do you or your company own a commercial property?
  • Are you a UK taxpayer?

If you answered ‘yes’ to both of these questions, it’s highly likely that you’re eligible for tax relief that offsets some of your capital spend. This tends to cover permanent fixtures in the building such as wiring, lighting, and security systems. However, tax law is complicated – for example, in some cases even windows or project management expenses can be included in the claim.

There’s no risk attached and the initial assessment will only take around thirty minutes of your time and if we can’t see an opportunity for you to claim back on Capital Allowances tax relief, you walk away without spending a penny.

Speak to a Capital Allowances Specialist today

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