Running a commercial property comes with many costs – but did you know there’s a hidden tax relief that could significantly reduce your tax bill? Capital allowances are a government-approved way for property owners to claim tax relief on certain expenditures, yet many businesses don’t even realise they qualify.
Why Are Capital Allowances Overlooked?
Many business owners assume:
🚫 “My accountant has already claimed everything available.”
🚫 “Capital allowances are only for big corporations.”
🚫 “It’s too complicated to claim.”
The reality is, capital allowances are available to a wide range of businesses, and many accountants don’t have the specialist knowledge required to fully maximise claims.
What Can You Claim For?
If you own a commercial property, you could claim for:
✔️ Plant and machinery, including heating, electrical systems, and fire safety features
✔️ Integral features, such as lifts, escalators, and air conditioning
✔️ Renovations and refurbishments
How Much Could You Save?
A typical capital allowances claim can result in tax savings worth thousands of pounds. For example, a business that has spent £500,000 on a commercial property could potentially claim 20-30% back in tax relief.
Act Now – Don’t Lose Your Entitlement
Capital allowances can often be backdated, but waiting too long could mean losing out. Speak to a specialist to find out if you have unclaimed allowances.
Want to check if you qualify? Contact CA Select Limited for a free capital allowances review today.
