Capital Allowances Consultancy

What are Capital Allowances?

Capital allowances are the UK's version of tax depreciation. Although it is common knowledge that capital allowances may be available on equipment, fixtures and fittings acquired separately, for land and buildings, allowances may also be given on the fixtures or plant content within the purchase price of a building. Specific types of buildings, for example industrial buildings or hotels, usually qualify for additional allowances.

Maximising a capital allowances claim can make a significant difference to the post tax return from a property investment. Deciding whether a building, and which parts of it, qualify for allowances is a complex technical area and requires a mix of both surveying and tax specialist skills.

Our Services

Our multi-disciplinary team, comprising both tax and surveying professionals, provides a comprehensive capital allowances service to commercial property owners, investors and tenants who acquire, redevelop or refurbish a property, to calculate and to enable them to maximise their entitlement to allowances.

Areas where we can help are:

• The preparation of well constructed and documented claims maximising allowances; Negotiation of claims with the Inland Revenue; The Buyer's Due Diligence Service aimed at protecting capital allowance entitlement before exchange of contracts; The Seller's Due Diligence Service which helps clients achieve the best capital allowances position when they sell a property;
• Maximising the cash flow from capital allowances during ownership of a property.

The Thompson Taraz Capital Allowances team includes both quantity surveying and tax professionals, each have extensive experience in this specialist area, enabling the provision of an integrated multi-discipling service to our clients.

For further information please visit www.ttcapitalallowances.co.uk

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