Fixed Asset Analysis and Capital Allowances

A capital allowance is the sum of money a UK business can deduct from the overall corporate or income tax on its profits. These sums derive from certain purchases or investments, outlined in the Capital Allowances Act 2001. Only some of qualifying items we look for can be found within a Fixed Asset Register. We have the expertise to analyse the Fixed Asset Register and identify additional items held within the commercial property since purchase.

If a survey has not been completed by a capital allowance surveyor, we can help identify the hidden tax benefit held within your commercial property.

Embedded Capital Allowances

Embedded Capital Allowances are pieces of plant and machinery which also qualify for Capital Allowances but may be considered to be part of the building. For example baths, toilets, sinks and air-conditioning.

You will find ’embedded’ plant and machinery (fixtures, including electrical, water, heating and sanitary systems, plus numerous other resources) in every commercial building. The money spent on these assets may be written off for tax purposes. This then protects the owner’s business or rental profits from taxation but only if they are valued correctly.

You or your business are eligible to claim if you are the owner of a freehold/leasehold commercial property; the property is used for commercial use only.

We work with your accountant to help maximise your tax benefit to make sure you are paying the effective rate of tax.

Who can claim?

• Be a UK Tax Payer
• Property Investor
• Must have a qualifying trade taking place
• Must have a relevant land interest
• Intended for use by for profit business

Who cannot claim?

• Pension Funds​
• Charities ​
• Property Developers (if property held as stock)​
• Local Authority

Property Types

Here are just a few examples of the types of properties that can benefit from up to 45% of the purchase price in tax relief.

• Offices
• Hotels
• Medical Centres
• Care Homes
• Public Houses
• Shopping Centres
• Restaurants
• Service Stations
• Retail Units
• Banks
• Doctor and Dental Surgeries
• Hospitals
• Factories
• Sport Stadiums
• Refineries

Obtaining tax relief for unclaimed fixed assets can only be achieved through the specialist expertise of a capital allowance surveyor and tax advisor with experience of historic value claims on fixed assets.

If you are in the process of purchasing, selling or tranfering a property in or out of a pension, it is therefore vital that professional advice is sought at an early stage. We have the knowledge and expertise to assist you in advising on asset transactions and existing commercial property portfolio’s.

If you have spent more than £500,000 on purchasing or £300,000 on refurbishment of a commercial property, then please contact us today on 0333 987 39 29 to get your claim started.