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
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