Capital allowances are a form of tax relief available where a person or business has incurred capital expenditure. In commercial property, this is usually linked to money spent on buying, building, refurbishing or improving premises.

Where capital allowances apply, a proportion of the qualifying cost can be deducted from taxable business profits. This can reduce the tax paid at the end of the year, depending on the business, the property and the nature of the expenditure.

This can be particularly relevant if you have recently refurbished a commercial property, carried out improvement works, or purchased a property where qualifying items may already be present. In many cases, these costs are built into wider building or refurbishment work, which means they can easily be missed without specialist advice.

We have teamed up with a local specialist company who can look at your position and advise whether you may be entitled to claim. If you would like to know more about capital allowances for your commercial property, please complete our enquiry form.