By Chris G Jones · · 3 min read
The basics
Capital allowances let businesses claim tax relief on qualifying capital expenditure, including certain fixtures within commercial property.
General information only — not tax advice. Your position depends on ownership, expenditure and how previous claims were handled.
Where value gets missed
Property transactions are where this usually goes wrong.
- Fixtures within a purchased building never identified
- Refurbishment expenditure treated as pure repair
- No specialist survey at the point of purchase
- Prior owner elections not reviewed
Getting it reviewed
Identifying qualifying fixtures usually needs a surveyor as well as a tax specialist, which is why it sits outside most general practices.
Reclaim Tax UK reviews capital allowances alongside other UK reliefs. Whether anything is available depends entirely on your circumstances.