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Capital Allowance Claims for Opticians

Although Opticians have remained open through the lockdown providing vital services business has still suffered.

This has, of course, affected revenue and profits. Major chains have suspended routine eye and hearing tests robbing businesses of what is usually a standard buying event. A successful capital allowance claim would be welcome in times like these.

Capital Allowances are a tax relief designed to incentivise business owners like you to improve the properties they do business from. They have been around for decades and are a recognised part of the UK tax landscape. They are allowances that provide relief to tax for expenditure incurred improving a commercial property. Any item of expenditure which has an “enduring benefit” to the business can qualify for relief.

Within a shop valued at £750,000, there may be as much as £240,000 in unclaimed Capital Allowances. For a property owned by an individual that equates to a tax refund or future saving of as much as £96,000.

Opticians will contain numerous items that will qualify as claimable under the Capital Allowances Act 2001.

The kind of items which can be claimed for are:

  • Reception Desks

  • Heating and Ventilation Systems

  • Air Conditioning

  • Electrical Systems

  • Display Cabinets

  • Suspended Ceilings and Partitioning

How do I claim?

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 8 to 12 weeks.

How do I get started?

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


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