CAPITAL ALLOWANCES UK

Capital allowances are expenditures that can be claimed by businesses against their taxable profit. They can be claimed on most assets purchased by the business, and fall under different qualifications, which determine the value that can be claimed back on them. While some of the expenditures can be deducted from the taxes in the year in which they were made, others are spread over multiple years. The capital allowance claim should be included in the tax return, which is submitted to HM Revenue & Customs.

WHAT ARE CAPITAL ALLOWANCES?

Capital allowances are expenditures that can be claimed by businesses against their taxable profit. They can be claimed on most assets purchased by the business, and fall under different qualifications, which determine the value that can be claimed back on them. While some of the expenditures can be deducted from the taxes in the year in which they were made, others are spread over multiple years. The capital allowance claim should be included in the tax return, which is submitted to HM Revenue & Customs. Often accountants and solicitors may lack the time and expertise to identify specific capital allowances and claim them.

capital allowances for accountants

CAPITAL ALLOWANCES

ACCOUNTANTS

Many Accountancy Practices work with Capital Allowances on a daily basis.

However, identifying Embedded Capital Allowances from the original purchase price takes a specialist team with a detailed knowledge of statute and case law, as well as a high level of expertise at the surveying stage to break down the qualifying and non-qualifying elements of a building.

From our Solihull office, CapEx Tax has collaborated with some of the leading accountancy practices on a daily basis to deliver in our specialist area of Capital allowances on behalf of them.

Capital Allowances Solicitors

CAPITAL ALLOWANCES

SOLICITORS

Solicitors are under pressure to complete more and more detail at the conveyancing stage.

This includes the need to complete section 32 of the CPSE (Commercial Property Standard Enquiry). Section 32 deals with Capital Allowances and whether the current owner has claimed for any ’embedded plant and machinery within the building.

CapEx Associates provide the perfect solution to this by using our team of capital allowance experts to complete the Capital Allowance section of the CPSE on your behalf. We do this whether you are acting for the buyer or seller, regardless of your business location within the UK.

More than half of UK businesses don't claim their entitlement to capital allowances

Don't miss out! You could be saving tens of thousands of £

FREQUENTLY ASKED QUESTIONS

I am a property developer; can I claim capital allowances on commercial properties?

When can I claim capital allowances?

OUR TESTIMONIALS

quotes

“Fourth year of claiming and every year it gets 'more painless' and smooth with less disruption to the business.”

quotes

“Very simple, a no-nonsense process which resulted in a very welcome injection of cash!”

quotes

“Very happy with the service. It’s so important to have the heavy lifting done by Cap Ex Associates Tax Ltd so we could concentrate on running the business”

LATEST NEWS AND INSIGHTS

We document the latest updates on R&D, stamp duty land tax, embedded capital allowances and business grants.

Capextax

Stamp Duty on Annexes: How Does it Work?

01 October 2021

Stamp Duty Land Tax (SDLT) can be a minefield at the best of times. It’s a confusing area of tax law that sees regular policy changes and affects a large n ...

Capextax

How to Account for R&D Tax Credits

13 October 2021

R&D tax credits offer all UK businesses, regardless of sector, access to valuable financial support for innovation and help fuel growth to transform their ...

Capextax

How to Avoid Paying Stamp Duty Land Tax

01 November 2021

When buying a property in the UK there are many different costs involved, one of which is Stamp Duty Land Tax. The rules around this tax have changed over ...

ANY QUESTIONS? CONTACT US

With over 25 years of experience, we have helped clients big and small to claim government money through funding, reclaims and relief.

images

0121 272 0801

CALL US

We are open Monday - Friday 9 am - 5 pm

images

CONTACT@CAPEXTAX.COM

EMAIL US

During office hours, we will get back to you within 48 hours.

images

MAKE AN APPOINTMENT

VISIT US

The Barns, Barston Gate Farm, Barston Lane, Barston, Solihull, B92 0JN

Newsletter sign up

Receive advice and support about R&D Tax Credits, SDLT, Capital Allowances & Business Grants.