Capital allowances tax relief

What is capital allowances tax relief?

If you hold either a freehold or leasehold interest in commercial property, then you may qualify for tax relief through a capital allowances claim. You could be entitled to between 10-45% of money spent on property and its qualifying plant and machinery in tax relief.


Quantity surveyor or tax adviser – or the best of both

GovGrant’s in-house team of experts combines the skills of dual-qualified professional quantity surveyors and chartered tax advisers to give you a specialist service.

Our insight, your reward

This tax relief is ‘property specific’, we bring a greater understanding of how projects, contracts and pricing can be put together so that you will be able to optimise your tax position.

We ensure that the capital allowances claim is submitted to HMRC to reduce your tax liability immediately and for as long as you own the property. We can review both historic property purchases and any future plans you may have.


Act now – use your Annual Investment Allowance (AIA)

If you have bought or refurbished a property in the past 2 years a detailed review of the expenditure should be carried out as a matter of urgency. The Annual Investment Allowance gives 100% tax relief on the first £200,000 of expenditure identified as plant and machinery, but it must be claimed within 2 years.

 

Don’t miss out – talk to us for a free review


Capital allowances apply to most commercial property

Whether you own a small commercial shop or an entire shopping centre – the same rules apply to everyone. We are passionate about is uncovering value for you and your business.

 

We work with SME clients across the UK to identify all capital allowances for industrial and manufacturing spaces that are held as Freehold Assets. We have uncovered hundreds of thousands of pounds of historical tax relief for our clients.

If you are fitting out an office we can carry out a detailed analysis of the construction fit out expenditure. This can result in up to 80% of expenditure being eligible for tax relief. We can also review assets against the Enhanced Capital Allowances Scheme which may result in further tax credits for environmental assets.

It’s never too late to claim, we have worked with families to carry out historical reviews of their commercial property, purchased up to 20 years ago. This can result in tax savings to owners on the acquisition costs of up to tens of thou-sands of pounds.

We can help – whatever business you’re in

  • Aerospace
  • Automotive
  • Education
  • Electronics
  • Energy
  • Engineering
  • Food & Drink
  • Healthcare
  • Hotels
  • Infrastructure
  • Marinas
  • Media & Technology
  • Mining & Aggregates
  • Oil & Gas
  • Petrochemical
  • Pharmaceutical
  • Sports & Leisure

Capital allowances apply more often than you think

Whenever you are spending money acquiring or developing property then capital allowances can apply.

New build

Dilapidations

Disposal

Refurbishment/
plant replacement works

Fit-out

Lease incentives/
capital contributions

Direct acquisition

Indirect acquisition via an SPV or unit trust



Facts
and figures

Save £50k in tax for every £1m invested in acquiring commercial property

Save £160k in tax for every £1m of expenditure on a refurbishment project

 

Research is creating new knowledge.