Can you claim Capital Allowances tax reliefs?

Do you own or rent a commercial property?

Have you renovated, fitted out or extended the property within the past 30 years?

… and did you spend over £200k for all the combined works?

If you’ve answered YES to all three, you may be entitled to claim up to 25% back through Capital Allowances.

WHAT ARE CAPITAL ALLOWANCES TAX RELIEFS?

Most businesses claim basic Capital Allowances on standard trade equipment such as plant and machinery, but many miss out on valuable lesser known property reliefs available to them.

They’re a great way for commercial property owners and occupiers who are UK tax payers to reduce the tax payable by your business, and can often result in significant rebates of overpaid tax!

what can you claim?

Capital Allowances are claimable on the value of the fixtures & fittings in your commercial property which you’ve purchased or installed as part of refurbishment or fit out project. Typically, this includes elements such as air conditioning, electrical systems, heating, lighting, sanitaryware and security systems.

Essentially, everything that’s a fixed part of the building in situ purchase or installed as part of refurbishment or fit out projects.

BOOK YOUR Free Consultation

Find out more about your eligibility to claim with a free, no-obligation consultation.

Complete the form below and the TC Group tax team will be in touch to discuss the options available to maximise value from your commercial property.

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    Case study – OFFICE BUSINESS PARK

    We completed a review of an office business park in Bishop Stortford.

    The property had undergone a large refurbishment project to split the office in to a number of separate units. We identified unclaimed Capital Allowances in excess of £210k, generating tax savings of nearly £50,000.

    Case study – Industrial

    We completed a claim on a portfolio of industrial units across the UK.

    The value of the portfolio was around £7.5m. We identified unclaimed Capital Allowances of just over £1 million, generating tax savings of almost £250k.