WHAT IS A CAPITAL ALLOWANCE?
A capital allowance is a tax relief every UK business can claim against its taxable profit. It falls under the UK Government’s Capital Allowances Act. It means there’s the potential for your business to pay less tax if you’ve spent money on assets – property, equipment, fixtures, vehicles, plant and machinery and much more. With capital allowances, you have a big opportunity to make the most of valuable tax reliefs.
Capital allowances are most useful if you’re buying, building or renovating a workspace. Or, if you’re spending money on other assets such as property, equipment, fixtures, vehicles or electrical services. Did you know that different items have different tax allowances? This can come right down to the type of air conditioning or ironmongery you choose. And on a big project, an awareness of this can save your business thousands of pounds.
MAXIMISE. ACCELERATE. REDUCE
Put simply, we maximise and accelerate capital allowance claims for businesses so they pay less tax. We do it for businesses and developers. And sometimes, because of our expertise, people also come to us and hand us existing claims or estimates started by other tax advisers. We often take these claims to the next level.
We know you’re looking for a fast process too. The best claims are the ones that benefit your business quickly. So, we’ll identify the right treatment that will accelerate your claim to the earliest point in time, making sure we’ve done a thorough review to maximise the reliefs.
And in the end, you’ll have a reduction of tax payments. Simple. This can be used for all sorts of things – paying down any debts or reinvesting to help your business grow.
WHY WORK WITH US?
We’ve years of experience specialising in capital allowances and we’ve been published in several industry publications. We work with developers and contractors from all over the world and we know how the property market works. We’re also part of a wider award-winning tax team of over 60 people. We can work on projects of any size. Plus, lots of our capital allowances clients qualify for R&D Tax Credits, so whilst we’re working, we’ll work closely with our R&D Tax Credits to identify any other tax incentives we can find.
AND YOU SHOULD MEET JEREMY
Quite often, when you buy a service, you buy who’s behind it. So, you should meet our capital allowances specialist, Jeremy Chapman. Jeremy has 20 years of experience in this area. He’s worked on everything from £50k fit-outs to £100m construction projects, including multi-site portfolios. So, if you’ve already finished a project or, even better, if you’re about to embark on one, you know who to speak to.
Capital Allowances Tax Director
If you’ve already finished a project or, even better, if you're about to embark on one, get in touch.
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