Capital Allowance Specialist Services

Tax deductions available through Capital Allowances can bring significant cash-flow advantages for your business, but many business owners fail to claim because of the apparent difficulty in identifying qualifying related expenditure. Our Capital Allowance specialists have extensive knowledge of the rules, how HMRC applies them and connections to property experts who assist us in making successful claims.
We can maximise the tax deductions available to you by undertaking a detailed review of the costs, identifying items that will qualify for Capital Allowances and ensuring efficient use of the Annual Investment Allowance (AIA) and the temporary enhanced reliefs that are currently available such Super Deduction and Enhanced First Year Allowances. Working directly with surveyors, lawyers and project managers as appropriate, we’ll gather information to allow us to identify your qualifying expenditure.

Our Capital Allowances specialists will save you a great deal of time and give you the reassurance that it’s being handled by experts with wide-ranging experience and a respected record of success.

We take a thorough and detailed approach, first ensuring that a claim for allowances is available and then collating all the information we will need to make the claim. This process will include liaising with other professional advisors such as surveyors architects and lawyers to collect all the relevant data, such as detailed costings, floor plans, photographs and supporting notes to ensure that the appropriate claims are maximised.

Based on the information, a claim will be prepared which will detail comprehensive analysis of the costs together with their respective tax treatments and the type of allowances that are being claimed. If we act as your compliance advisors, the claim we be included in your appropriate tax computation and detailed back up kept on file in the event of any HMRC enquiries.

It’s crucial to know if a commercial property you are buying or selling has any unclaimed capital allowances, as this could make a critical difference to the negotiations. It is also imperative that these discussions are held at the time of the deal and not left until a later date.  As well as agreeing a value for Capital Allowances where appropriate, the wording to be included in the legal documentation will be crucial as this can put an obligation on parties to assist with the provision of information after the deal has been completed to enable a claim for Capital Allowances to be completed.

The tax advice provided in relation to the property transaction will differ depending on various factors including if you are the Seller or the Purchaser, if any of the parties fall out with tax tax regime (e.g. they are a pension scheme), your overall tax position and the impact any disposal proceeds could have on this.  The availability of Capital Allowances could potentially act as a negotiating tool to secure an increased price for the property or encourage a deal to be concluded.

To ensure that the best position is reached for you, you should seek tax advice in the early stages of the transaction so that all the appropriate matters can be considered.