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.
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.
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.
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 thousands of pounds.
Whenever you are spending money acquiring or developing property then capital allowances can apply.
plant replacement works
Indirect acquisition via an SPV or unit trust
Research and Development Capital Allowances, also known as RDAs, are a tax relief for businesses incurring capital expenditure on qualifying R&D activities.
If you are spending capital on assets that are used for R&D activities you could receive 100% tax relief. Spending on the following is always allowable under RDAs:
R&D facilities (such as buildings) or on refurbishing a development facility
If an R&D centre forms part of a larger facility – and if the centre accounts for at least 75% of the overall cost of the facility – then R&D Capital Allowances can apply to the entire facility
Company cars for R&D staff
It takes specialist capital allowances expertise, coupled with experience of identifying qualifying R&D, to maximise your RDAs relief. GovGrant takes an integrated approach to work with businesses to maximise the value of their innovation.
Call us for a free review or advice.
When buying any equipment as part of a refurbishment or construction project it’s a good idea to discuss purchasing assets that are eligible for Enhanced Capital Allowances (ECAs). This results in a tax relief or tax credit with respect to the cost of the items such as:
Air conditioning installations
High speed hand air dryers
Solar thermal systems
Uninterruptible power supplies
GovGrant works with businesses to maximise the value of innovation – including green technologies.
Call us for a free review or advice.
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.