Published 13/10/2019
Modified 30/09/2022
3 min read

Need quick professional help in claiming Capital Allowances Tax Relief?

Innovation Tax offer the specialist skills and professional approach needed to submit a fully maximised Capital Allowances tax relief claim.

What is Capital Allowances Tax Relief? 

Capital Allowances Tax Relief is available on assets acquired for use by your business such as buildings, machinery and specific ancillary equipment. The legislation allows the deduction of some (or all) of the expenditure incurred from your taxable profits, resulting in a lower tax liability and, in some cases, a refund of tax previously paid over.

Why use a capital Allowances Specialist?

When looking to submit a fully maximised Capital Allowances claim, it’s important to engage with specialists who are knowledgeable with the prevailing legislation to ensure the levels of compliant expenditure recognised are as accurate as possible, so ensuring that you receive the maximum benefit permissible.

And given the number of allowances permissible under the current legislation, such as:

  • Annual Investment Allowance (AIA)
  • First Year Allowance (FYA)
  • Enhanced Capital Allowance (ECA)

Correct asset classification is essential in determining the proportion of expenditure available for tax relief and whether the allowance is fully deductible in a single tax year, or apportioned over several consecutive periods.

Innovation Tax have helped their clients secure millions of £’s of unclaimed Capital Allowances tax relief and our specialist expertise and knowledge of the Capital Allowance legislation ensures our clients benefit from the best advice possible. 

Unsure whether you qualify, and how to calculate the value of your Capital Allowances claim?

If so, let Innovation Tax guide you through the process, identifying your qualifying assets and calculating the amounts of expenditure attracting relief.

Furthermore, we’ll produce a bespoke claim report for you to retain for future reference which clearly outlines the amount (and timing) of the relief available, supporting your accountant in filing your amended tax return(s) with HMRC.


At Innovation Tax our specialist Capital Allowances team comprising RICS surveyors, tax experts and a former HMRC inspector, offer the professional expertise and experience required to fully maximise and submit a robust Capital Allowances claim into HMRC.

Start the conversation with a complimentary, no-obligation discussion.

Innovation Tax specialise in helping companies access vital innovation tax incentives and grant funding to enable their businesses to grow, increase profitability, reduce risk and enable further investment in R&D, IP and capital assets.

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