Welcome to Capital Allowances Direct
What are Capital Allowances?
Capital Allowances are a valuable tax relief given by HM Revenue & Customs ('HMRC') to UK taxpayers when fixed assets are purchased.
Capital Allowances Direct specialise in Capital Allowances claims for commercial property owners.
If you own a commercial property or a furnished holiday letting in the UK or EEA and pay UK tax claiming Capital Allowances will reduce your tax payable and/or secure you a tax refund.
What can be claimed?
It is well known that Capital Allowances can be claimed on moveable plant or machinery purchases. What may be surprising is that Capital Allowances can also be claimed in respect of plant or machinery ('fixtures') within a commercial property.
Fixtures that can be claimed include:
- Heating and air conditioning systems
- Lifts, escalators and moving walkways
- Sanitary and kitchen equipment
- Fire alarms and security systems
- Sprinkler systems
- Cranes and gantries
Commercial Property Owners
It is estimated that over 90% of commercial property owners have not claimed Capital Allowances on their properties which means their business may be missing out on tens of thousands of pounds of tax relief.
Tax relief of over 25% of the property's original purchase and refurbishment price is frequently available.
If you are a commercial property owner and a UK taxpayer, please contact us.
