Capital Allowances

by Matt Jeffery as Verified Adviser
  • Category:

    Capital Allowances
  • Page Author:

    Matt Jeffery
  • Role:

    Tax Specialist
  • Last Updated:

    03 May, 2021

Capital Allowances Overview


Claiming capital allowances on the purchase, construction and renovation of land & buildings is a specialist area of tax legislation, often requiring the skills of surveyors and capital allowances specialists.

Whilst accountants will make claims for capital allowances for their clients on machinery, equipment etc for use in a business, capital allowances on investments in buildings are regularly under claimed.

By maximising claims or identifying missed claims for capital allowances on investments in land & buildings, significant tax savings can be achieved. This provides cash repayments and long term tax savings.

Capital allowances services include advising on:

Commercial property acquisition claims
Purchases of residential property converted to business use (include holiday lets & serviced accommodation)
New build construction claims (including extensions)
Property refurbishment claims
Structuring property transactions to achieve a tax efficient solution
Enhanced Capital Allowances consultancy
Contaminated and derelict land relief claims
Research & Development capital allowances
Handling HMRC enquiries

The tax reliefs apply to both landlords and business owners. In most cases, claims can still be made for historic capital expenditure now. Get in touch to find out if you are due a tax rebate from HMRC or to minimise your tax exposure on current or future projects.

Q&A about Capital Allowances

If certain conditions are met, it is possible to claim capital allowances on embedded fixtures purchased with a qualifying building. Fixtures include the electrical & heating system, kitchens, bathrooms etc.

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