Capital Allowances helps you maximise your tax relief on commercial property assets
- Conduct a high-level review of your property portfolio
- Identify potential areas for significant claims
- Provide a preliminary estimate of your tax saving potential
- Outline our strategic approach to maximising your allowances
What are are Capital Allowances?
Capital Allowances recognise expenditure incurred in the purchase of commercial properties and other assets as a tax allowable expense (unlike ‘depreciation’), reducing taxable profits and the associated tax liability; furthermore, claiming Capital Allowances do not increase your future capital gains tax liability if the property is subsequently sold.
The majority of individuals and companies entitled to claim Capital Allowances on commercial property expenditure have not claimed their full entitlement and have therefore failed to maximise their tax relief.
Innovation Tax have helped secure millions of £’s of tax relief via Capital Allowance claims for our clients and our specialist expertise and knowledge of the Capital Allowance Act 2001 (CAA2001) ensures our clients benefit from the best advise possible.
Capital Allowances
Qualifying Expenditures
The breadth and scope of Capital Allowances is varied and, as such, many businesses and advisors fail to claim the maximum benefit available. Qualifying expenditure can be incurred through various project types, some of which are outlined below.
Capital Allowances
by the numbers
Our highly skilled and experienced team of Chartered RICS Surveyors, Technical and Taxation Professionals work with companies to identify all qualifying activities and associated expenditure.
Example property types & claimable items
- Hotels
- Care Homes
- Pubs
- Dental Practices
- GP Surgeries
- Veterinary Practices
- Offices
- Industrial Units
- Warehouses
- Retail Units
- Car Showrooms
- Restaurants
- Petrol Stations
- Students Lets
- Holiday Lets
Our process to help you maximise your Capital Allowances claim
01.
Identify qualifying expenditure and property assets
02.
Assess eligibility under UK Capital Allowances rules and HMRC guidance
03.
Engage surveyor/tax specialist for a detailed site inspection and cost breakdown
04.
Compile valuation report and supporting documentation for the claim
05.
Submit claim to HMRC via corporation tax return Success
To illustrate the potential impact, here’s a Case Study for a Manufacturing Facility we assisted few months ago.
(based on 19% corporation tax rate)
Beyond Capital Allowances : Unlock Complementary Tax Incentives
While the Capital Allowances delivers valuable tax savings, most businesses qualify for multiple financial incentives. We help you unlock every available opportunity across your operations:
R&D Tax Credits →
We help companies seeking a scientific or technological advance in their field to recover between 16% – 33% of the costs incurred in R&D.
Grant Funding →
Never miss an opportunity to apply for a UK grant: our team of experts will ensure your application has the best possible chance if success.
Patent Box →
Our Patent Box service aids companies in benefiting from reduced tax rates on profits derived from patented inventions, providing substantial tax relief.
Energy Incentives →
We help businesses claim energy tax incentives through Climate Change Levy Exemption, Energy Intensive Industries Tax Relief and UK ETS Compensation Schemes.
HMRC Enquiry Support →
We provide expert assistance in responding to HMRC enquiries, ensuring the response is clear, sufficiently detailed and in-line with HMRC's expectations.
Capital Allowances Specialists
Our proactive approach ensures your application aligns strategically with current trends, maximising your funding potential.
- Comprehensive Property Surveys: Our team of RICS-qualified surveyors conducts on-site assessments, uncovering qualifying expenditures that others often miss.
- Tax Expertise: Our tax professionals possess in-depth knowledge of HMRC regulations, ensuring your claim is maximised while maintaining full compliance.
- Proven Track Record: On average, our approach identifies 30-40% more in allowances compared to standard accountancy practices, translating to significant additional tax savings for our clients.