Our head office is in the Midlands and we have consultants in all major cities in England, Scotland, Wales, and Northern Ireland. We cover the whole of the UK.

The Capital Allowances system allows a business to write off the cost of certain capital assets against taxable income. This is well known and allowances for machinery, plant and business equipment are well known and commonly claimed. The majority of business owners are not aware that there may be allowances “embedded” within the fabric of their building that could give rise to a benefit totalling on average 32% of the value of the property. Capital Allowances provide tax relief for the depreciation of capital assets, including the majority of fixtures and fitting in a property which make it suitable for commercial use. They are intended to incentivize business owners to improve their commercial properties.

The basis of modern capital allowance legislation can be traced back to the “wear and tear” allowance on plant and machinery introduced in 1878. A more specific “mills and factories” allowance was available for those types of businesses. This system was replaced in 1945 with a “annual writing down allowance’ at a rate fixed by the Revenue. In 1954, to encourage investment in commercial buildings and industrial assets a further investment allowance was introduced. Further changes to the system were made in 1971 and 1984 to simplify the process or recording and claiming. A widespread rationalisation and consolidation in occurred in 1990 and the currency legislation, the Capital Allowance Act, was introduced in 2001. A Capital Allowance reclaim does not make use of a loophole. It is there to incentivise business owners like you to developer and improve their commercial properties.

You may be entitled to a refund on Income Tax or Corporation Tax paid in the last 1 or 2 financial year and reduce your tax burden in the current and subsequent financial years. If you do not claim the money is simply lost over time. More of your profit will go to the government than it needs to in the form of overpaid Income Tax or Corporation Tax. As an example, a property in the hospitality sector, on average, has capital allowances of 32% of its value built up within it over time. For a £250,000 property that is circa £67,000 of allowances UNUSED that have built up over time. If you own your property in your own name that could be a £14,000 refund waiting for you.

We have a simple, fixed and fair pricing policy; our fee is a small 5% of the Allowances we successfully identify for you. We’ll tell you more about this before we start your claim.

Just contact us however you feel most comfortable and we will be in touch to get the ball rolling.

It is ALWAYS worth checking with a specialist company, like ourselves, whether there are claims that you have missed. We only charge on success so you have nothing to lose and a lot potentially to gain.

You may not have paid Income Tax or Corporation Tax in the last year or 2 BUT you may be able to reduce your tax burden in the next few years. We only charge on success so you have nothing to lose and a lot to potentially gain.

The process usually takes between 8 to 12 weeks from start to finish.

Capital Allowance entitles you to claim for up two years. Which means if you are a Commercial Property Owner who has: ✅ Paid tax in the UK ✅ Made improvements to your commercial property ✅ Haven't claimed back your embedded capital allowance You could lose out on 50% of your potential claim if you haven't submitted it by December 31st 2023.

If you own a commercial property and pay tax in the UK then you can claim. Any Commercial Property can potentially have a claim made on it. If a property has a business running from it, then a claim can be made! The kinds of properties which might have allowances built up within in them are: Office Buildings Hotels and Guest Houses Pubs, Restaurants, Bars, Cafes Care Homes Factories and Industrial units Dentists, Doctors and Vets Surgeries Holiday Lets & Airbnb Dog and Cat Kennels Shops Warehouses Chip Shops & Takeaways HMO's Hairdressers, Beauty Salons & Barbers And many many more...

The items you can claim for wide ranging and some will surprise you. You might claim for: Emergency Lighting and Fire Detection Equipment Fixtures, fittings and items in your Gas, Water, Electric and Heating Systems. Fittings in Toilets and Bathrooms. Heating and Ventilation Systems. Air Conditioning. Kitchen Fittings and Catering Equipment. Hot and Cold Water Systems. Lifts. Suspended Ceilings and Partitioning. Doors and Gates Decorative Items And many, many more! Anything that is nailed in, bricked in, glued in, screwed in or painted in can be claimed for!

The first stage is to book an initial consultation which we can do in-person or online. We don’t do the hard sell, we just want to know as much as we can in order to help you as much as we can. We then speak to your accountant to gather some more information and then arrange for a surveyor to visit your commercial property. They gather information about the claimable items in the property and send that to a tax accountant to write a report which is sent to HMRC. Your claim is collected and sent to you less our success fee. The fee is 5% of the allowances that we identify for you. The process usually takes between 8 and 12 weeks.

When HMRC pays a refund, they will pay an initial 18% cash payment of the whole refund and the remaining 82% of the claim will be paid at 18% of the balance remaining, until it has all been used. A cash refund is only available if you have paid enough tax. If you have paid some tax, then there will be a smaller cash refund and tax on account (losses carried forward) If you do not have any cash to come back then 100% will be classed as losses carried forward (on account) and can be utilised for future tax owed.

You do not necessarily need to know how much you spent on improving your commercial property. Our team will allocate a reasonable amount to your claim for improvements to your property.

The first step is to arrange a free, no obligation consultation online or in-person. We don’t do the hard sell; we just want to know as much as we can in order to help you as much as we can. The purpose of this meeting is to find out about you and your business, explain the process clearly and answer any questions you have. We will also agree the scope of the service, how it is charged for and agree terms.

We send a member of our team to your commercial property to carry our a site visit to capture and record all relevant information about your property. Our team is exhaustive in their approach and leave no stone unturned.

The short answer is yes, but there are lots if specific rules around claiming capital allowances for holiday lets, Airbnb's and rentals. These cause owners to be put off making claims so in most cases they will not have claimed for items such as: Heating and Lighting Systems Entry and Exit Systems Emergency Lighting and Fire Detection Equipment Air Conditioning Fittings in Communal Area For Holiday Lets / AirBnB's: Your property must be available to let for 140 days or more in each tax year. You must actually let the property for 105 days or more in each tax year. No single letting can be for more than 31 days. Important - If the letting does not meet the above, then you must let us know by return email.

Hotels and Guest Houses contain numerous items which will may qualify as claimable under the Capital Allowances Act 2001. The kind of items which can be claimed for are: Telephone and WIFI Systems Medical Equipment Hoists Bathing Systems Receptions Desks Emergency Call Networks Emergency Lighting and Fire Detection Equipment Fittings in toilets, baths and showers. Heating and Ventilation Systems Air Conditioning Kitchen Fittings and Catering Equipment Hot and Cold Water Systems Electrical Systems Lifts Suspended Ceilings and Partitioning

Pubs and Bars contain numerous items which may qualify as claimable under the Capital Allowances Act 2001. Signage Swimming Pools Gym Equipment Spa Equipment Laundry Equipment Reception Desks Bars Emergency Lighting and Fire Detection Equipment Fittings in Toilets Heating and Ventilation Systems Air Conditioning Kitchen Fittings and Catering Equipment Hot and Cold-Water Systems Electrical Systems Lifts Suspended Ceilings and Partitioning There are also items which create ambience and atmosphere in public spaces such as bars, receptions, reading rooms and libraries which are claimable. These items fulfil a valuable function in creating an environment which customers enjoy spending time in and thus create value and drive revenue.

Cafes and Restaurants contain numerous items which may qualify as claimable under the Capital Allowances Act 2001. Signage Bars Emergency Lighting and Fire Detection Equipment Fittings in Toilets Heating and Ventilation Systems Air Conditioning Kitchen Fittings and Catering Equipment Hot and Cold-Water Systems Electrical Systems Stair Fittings Suspended Ceilings and Partitioning Entry and Exit Systems There are also items which create ambience and atmosphere in pub Cafes and Restaurants which are claimable. These items fulfil a valuable function in creating an environment which customers enjoy spending time in and thus create value and drive revenue.

Airbnb's contain numerous items which may qualify as claimable under the Capital Allowances Act 2001. Signage Laundry Equipment Bars Emergency Lighting and Fire Detection Equipment Fittings in Toilets Heating and Ventilation Systems Air Conditioning Kitchen Fittings and Catering Equipment Hot and Cold-Water Systems Electrical Systems

You will be able to claim on the shared areas such as halls, stairs etc. HMOs qualify in full only when an individual has all the day to day facilities within their room and do not need to share. You will need to tell us if your HMO has shared bathroom/Kitchen facilities. You will be liable for this information and you should notify us by return email. You will be able to claim on the shared areas such as halls, stairs etc. We only do virtual site visits on HMO's. If the property does not meet the above, then you must let us know by return email.

It may seem counterintuitive but this is almost never the case. A capital allowance reclaim almost never decreases the buildings base cost for CGT purposes. This is confirmed by s41(1) TCGA 1992.

Yes, after the consultation we will contact your accountant obtain your accounts for last 2 years of trading. We will check that no claims have already been made and also ascertain certain “housekeeping” items such as how you pay tax and at what rate.

A successful capital allowance claim requires an effective combination of technical surveying skills and specialist knowledge of the applicable legislation. The majority of accountants will not be aware of the extent of the items which can be successfully claimed for. There are also widely held misconceptions about capital allowances which the ACCA and ICAEW do little to dispel. If your accountant does not do a capital allowance claim for you it does not mean they are bad at their job. It just means that they are concentrating on the nuts and bolts of servicing their clients well such as tax returns, bookkeeping, company accounts, and PAYE.

They may well be suspicious at first. They may even be a little put out. We are well used to this and are always open and collaborative with clients accountants. We want to work with them to add value to their clients. If an accountant starts off as a sceptic they almost always end up as an advocate. Some of our best introducers are accountants!

All of our claims are made in accordance with HMRC guidelines. Using the information that has been provided by you, and your accountant, our accountancy partner will amend your tax return and submit it on your behalf.

A Capital Allowance reclaim does not make use of a loophole. It is there to incentivise business owners like you to developer and improve their commercial properties. HMRC do investigate a small number of claims but that is not something to worry about and it will be dealt with on your behalf.