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Capital allowances

Over half of all businesses in the UK do not claim their entitlement to capital allowances, which could be worth hundreds of thousands of pounds.

  • Tax claims can be maximised by consulting with a Markel Tax specialist before incurring any expenditure on commercial property
  • Independent and here to work with you, not compete with you
  • Identified over £7.5 million worth of qualifying expenditure in 2021
construction workers at building site

About Capital Allowances

Capital allowances opportunities can arise in a number of different ways:

  • When expenditure is incurred on constructing, purchasing, fitting out, refurbishing or extending a commercial property
  • When buying or selling a commercial property: the value of the capital allowances must be agreed as part of the contract otherwise the claim will be lost

Typical properties that benefit from capital allowances include:

  • Purchase of an office building – allowances available on initial investment plus further claim on any redevelopment costs
  • Hotel acquisition and refurbishment including serviced apartments
  • Restaurants and entertainment venues
  • Residential care homes, nurseries and holiday lets

Case studies

Make sure your clients aren’t missing out on capital allowance relief.