COMMERCIAL PROPERTY TAX RELIEF
DO YOU OWN AN RETAIL BUILDING?
Retail property owners are often unaware that their building is holding thousands of pounds of unclaimed tax relief in the form of Embedded Capital Allowances. These are allowances on items such as fire alarm systems, security shutters, lighting, toilet facilities and counters – essentially everything that would remain in your property if you tipped it upside down.
As long as you own a commercial property and pay UK tax then you are entitled to claim. We specialise in Capital Allowances Tax Relief and our expert in-house team work exclusively in this niche area of taxation. On average it takes only 6 weeks from our initial meeting to you receiving your relief from HMRC.
Typically we would expect to find around 20% of the original purchase value of the property in previously unidentified Capital Allowances. £90K of allowances in a £450K property which translates as £36K in tax refund and/or reduction in future tax liability to a higher rate tax payer. So it’s an exercise well worth doing.
Claiming Embedded Capital Allowances is a risk-free exercise well worth considering when you own commercial property. You can estimate your total claim using our claims estimation tool or book a consultation with one of our claims specialists who can prepare an estimation on your behalf.
CAPITAL ALLOWANCES
What Items Are Claimable?
Whilst Embedded Capital Allowances are heavily ingrained within retail units, some plant and machinery items generate significant allowances when identified, valued, and claimed correctly. These include:
- Fit-out
- Bathroom and Kitchen Fittings
- Safety equipment such as window restrictors
- Items of P&M that create ‘ambience’ such as Art & Decorative assets
- Machinery to automatic entrance doors
- Heating and Ventilation Systems
- Stair Fittings Suspended Ceilings and Partitioning
RECENT RETAIL CLAIMS
COMMERCIAL PROPERTIES HOLD THOUSANDS OF POUNDS OF UNCLAIMED CAPITAL ALLOWANCES.
The UK's Leading Capital Allowance Specialists
With over 7,000 claims completed, HMA Tax is trusted by thousands of commercial property owners, Accountants & Solicitors across the UK.
Our service is guaranteed to be fully HMRC compliant, meaning our clients have peace of mind when claiming their Capital Allowances with the UK’s leading independent specialists.
We regularly handle Embedded Capital Allowance claims for commercial property owners and property professionals, ensuring that they are processed quickly, efficiently and effortlessly.
Has my accountant already done this?
Probably not. It’s a highly specialised area of tax statute and requires very specific knowledge of this area as well as a specialist team that includes a chartered surveyor and a chartered tax specialist.
Will this effect Capital Gains Tax (CGT) on my property?
No, Capital Allowance claims do not effect the value of your property and have no impact on your Capital Gains position.
In fact, when buying or selling commercial property, a Capital Allowance claim from HMA Tax can have a positive impact on your overall position.
Will this cause a problem with HMRC?
Capital Allowances are part of standard business routines and are therefore claimed each year against cost clients incur to operate. HMRC does not take issue with Capital Allowance claims on the basis we adhere to guidelines and the legislation applicable to each claim.
Fortunately, at HMA Tax we have a flawless, 100% success rate with claims we have made to HMRC and have never had an issue completing a claim with HMRC.
Are there any hidden costs?
Absolutely not. We look at claims for you on a results only basis, which means that if we do not find allowances that have been approved by HMRC, then we charge you nothing and any initial costs are covered by us. Our fee is completely linked to a successful outcome, so there is nothing to lose by investigating a potential claim.
CLAIM THOUSANDS OF POUNDS IN TAX RELIEF
ESTIMATE YOUR CAPITAL ALLOWANCE CLAIM IN TWO MINUTES
Recent Insights
Read our recent industry news and insights, written by our own
Capital Allowance specialists.
Autumn Budget 2024: 5 key Impacts on the Commercial Property Sector
On the 30th of October, Chancellor Rachel Reeves maintained the current Capital Allowance framework in…
