PROPERTY CAPITAL ALLOWANCES
We identify qualifying embedded fixtures and fittings that may be hidden within a building, protect your entitlement through technically robust analysis and documentation, and help businesses maximise legitimate tax relief without distracting management from running the business.
Specialist property tax experts
UK-wide coverage
Evidence-led review
We work with accountants
Commercial property specialists
Comprehensive documentation
WHY BUSINESSES CHOOSE US
Capital allowances can allow businesses to deduct some or all of the value of qualifying assets from taxable profits. A commerial building is not treated as one indivisible asset for tax purposes. VAluable qualifying expenditure can be embedded within a commercial property and may not always be obvious from the purchase contract or fixed-asset ledger.
Our professionals who are attuned to the ever changing rules surrounding Capital Allowances quickly identify allowances that may be claimed.
Every claim is supporting by a detailed report and supporting costings and relevant documentation. We also check that assets have not previously been claimed in other areas.
We handle the technical work and liaise with your accountant or property advisor.
We will reduce your tax bill and improve cash-flow with legitimate tax relief.
A specialist review could save your business thousands.
or call 0161 841 1806
WHAT ARE PROPERTY CAPITAL ALLOWANCES
We identify qualifying plant, fixtures and embedded items deep within commercial property and help classify them correctly for the appropriate tax relief.
Capital allowances can apply to qualifying plant and machinery used in business, including equipment, machinery and integral embedded features.
'Embedded' describes qualifying fixtures and fittings incorporated within a property and often concealed deep within the buildings' structure.
Common examples include electrical systems including lighting, space and water heating systems, powered ventilation, airt cooling and air purification, lifts, escalators, moving walkways and external solar shading and solar assets.
Heating, ventilation, air-conditioning, electrical and lighting systems may contain qualifying expenditure.
Examples can include items in qualifying fitted kitchens, bedroom suites, fire alarms and CCTV systems where the relevant conditions are met.
Specialist property tax experts
PURCHASED A COMMERCIAL PROPERTY?
Buying a property containing features can involve specific entitlement and documentation rules. Previously owned features can require pooling by the seller and a fixed value agreement or formal proceedings within two years of the transfer. Failure to satisfy the rules can result in the buyer’s qualifying expenditure being treated as nil.
TENANTS & OCCUPIERS
A tenant or leaseholder who incurs qualifying capital expenditure on plant, machinery, fixtures or eligible building works may be able to claim capital allowances, depending on the nature of the expenditure, the qualifying activity and the legal interest involved.
STRUCTURES & BUILDINGS ALLOWANCE
The Structures and Buildings Allowances (SBA) provides relief on qualifying construction, renovation and conversion expenditure for non-residential structures where relevant conditions are met. SBA is separate from plant-and-machinery allowances.
ALLOWANCES SUMMARY
100% relief on most qualifying plant and machinery expenditure, subject to eligibility and the applicable AIA limit.
For qualifying companies, 100% first-year relief may be available on qualifying new and unused main-rate plant and machinery. A 50% first-year allowance may apply to qualifying new and unused special-rate expenditure.
Ongoing relief on qualifying pooled expenditure where full upfront relief is unavailable or not claimed. Current rates are 14% for the main pool and 6% for the special-rate pool, subject to the applicable rules.
Quickly establish if there is a credible capital allowance opportunity.
Review the relevant property history, expenditure and existing tax treatment.
Identify potentially qualifying, embedded property elements.
Build the supporting analysis required for a robust claim.
Prepare a clear, evidence-led claim package.
HOW HAMILTON WOOD & COMPANY SUPPORTS YOUR CLAIM
100% relief on most qualifying plant and machinery expenditure, subject to eligibility and the applicable AIA limit.
For qualifying companies, 100% first-year relief may be available on qualifying new and unused main-rate plant and machinery. A 50% first-year allowance may apply to qualifying new and unused special-rate expenditure.
Ongoing relief on qualifying pooled expenditure where full upfront relief is unavailable or not claimed. Current rates are 14% for the main pool and 6% for the special-rate pool, subject to the applicable rules.
ALLOWANCES SUMMARY
COMMERCIAL PROPERTY TYPES WE REVIEW
