Capital Allowances (CA) are a government backed incentive and a way of saving tax. They exist to help businesses invest in the plant, machinery, and equipment necessary to help them grow.
Capital Allowances tax relief offsets the hidden expenditure in your commercial property. Typically, this includes elements such as air conditioning, wiring, heating, lighting and security systems – essentially everything that would remain in the building if you tipped it upside down!
So, if you can answer yes to the following four questions, then it’s highly likely that you’re eligible to claim and you should get in touch with us for more advice on what you should do to ensure you’re not missing out:
- Do you own a commercial property?
- When you purchased, did it, for example, have electrical wiring, lights, plumbing, heating, fitted cabinets?
- Would you like to claim your capital allowances on these?
- Are you a UK tax payer?
Here’s an example of a client who saved thousands of pounds…..
“One client spent over £1,500,000 building a purpose-built facility for their dental surgery; they appointed our expert partner to work with them to investigate their Capital Allowances. After a thorough review and an analysis of expenditure, over £693,000 of Capital Allowances were identified from qualifying components such as reception desks, fixed cabinetry, sanitary appliances etc.”
And don’t just assume a Capital Allowances claim has been dealt with already in the past. Unless you have had a visit from an experienced, property tax surveyor, then the chances are you will not have maximised your Capital Allowances, meaning you could be missing out!
If you would like to learn more, then please request a copy of our FREE Capital Allowances information booklet. Simply provide your details below and select the option for ‘Capital Allowances – free report’.
You can also contact us on 0330 088 11 56 and arrange a time for a call to find out how much you could save!