Capital Allowances Services London
Expert capital allowances services. We identify and claim plant & machinery and structures allowances to reduce your taxable profits. Contact our capital allowances team today.
Capital Allowances Services
Capital allowances provide valuable tax relief on capital expenditure, allowing businesses to claim tax deductions on qualifying assets. We help businesses identify and claim all available capital allowances including plant & machinery allowances, structures and buildings allowances, and other qualifying capital expenditure. Our capital allowances services ensure you maximise tax relief while maintaining compliance.
Capital Allowances Services
- Plant & Machinery Allowances: Identification and claiming of plant & machinery allowances on qualifying assets
- Structures and Buildings Allowances: Claiming structures and buildings allowances on qualifying construction costs
- Capital Allowances Reviews: Review of existing capital expenditure to identify missed allowances
- Property Capital Allowances: Specialist capital allowances services for property acquisitions and developments
- Capital Allowances Planning: Tax planning to maximise capital allowances on future expenditure
- Capital Allowances Compliance: Ensuring capital allowances claims comply with HMRC requirements
Qualifying Capital Expenditure
Qualifying capital expenditure includes plant & machinery (equipment, fixtures, fittings), structures and buildings (construction costs), and other qualifying assets. Different types of expenditure qualify for different rates of allowance, and some assets may qualify for enhanced allowances. We can help identify all qualifying expenditure and ensure maximum tax relief is claimed.
Capital Allowances Benefits
- Reduced corporation tax liability through capital allowances claims
- Improved cash flow through tax savings on capital expenditure
- Support for business investment and growth
- Tax-efficient capital expenditure planning
Frequently Asked Questions
Capital allowances are tax deductions that businesses can claim on qualifying capital expenditure, allowing them to write off the cost of assets against taxable profits over time. Unlike revenue expenses which are deducted immediately, capital expenditure is written off through capital allowances. Different types of assets qualify for different rates of allowance, with some qualifying for enhanced allowances or immediate write-offs.
Qualifying assets for capital allowances include plant & machinery (equipment, vehicles, fixtures, fittings), structures and buildings (construction costs), and other qualifying capital expenditure. Different assets qualify for different rates of allowance - plant & machinery typically qualifies for annual investment allowance (AIA) or writing down allowances, while structures and buildings qualify for structures and buildings allowances. We can help identify all qualifying assets.
The Annual Investment Allowance (AIA) allows businesses to claim 100% tax relief on qualifying plant & machinery expenditure up to a certain limit (currently £1 million per year). The AIA provides immediate tax relief on qualifying expenditure, making it highly valuable for businesses making capital investments. We can help ensure you maximise your AIA claims.
Structures and buildings allowances (SBAs) provide tax relief on qualifying construction costs for new commercial buildings and structures. SBAs are claimed at a flat rate of 3% per year over 33.33 years, providing long-term tax relief on construction expenditure. SBAs apply to construction costs incurred from 29 October 2018 onwards. We can help identify and claim SBAs on qualifying construction projects.
Yes, you can claim capital allowances on qualifying assets within property purchases, including fixtures, fittings, and integral features. Property capital allowances can provide significant tax savings, particularly on commercial property acquisitions. However, capital allowances on property can be complex, and it's important to identify all qualifying assets correctly. We can help identify and claim property capital allowances.
Capital allowances are claimed through your corporation tax return or self-assessment tax return. You need to identify qualifying expenditure, calculate the appropriate allowances, and include them in your tax return. Some capital allowances require specific documentation or elections. We can help prepare and submit capital allowances claims, ensuring all requirements are met and maximum relief is claimed.
Next steps
Get in touch with our capital allowances team to discuss how we can help maximise your capital allowances claims. Our experienced team will provide expert capital allowances services tailored to your business.