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

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

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

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“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.

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Coronavirus: Grants and Financial Help for Small Businesses

27 February 2021

The recent Coronavirus pandemic has seen businesses experience unprecedented financial struggles as they try to balance new government legislation, changes ...

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Claim tax allowances for working from home

28 February 2021

Due to the current Coronavirus pandemic, many UK employees are expected to work from home not just during the lockdown, but perhaps for the foreseeable fut ...

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Stamp Duty Changes Explained

10 March 2021

In his recent House of Commons summer address, Chancellor Rishi Sunak announced that the Government was scrapping Stamp Duty Land Tax (SDLT) on house purch ...

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