Capital Allowance Reviews

Capital allowance services logo a Landmark Practice Development partner

As a team, Capital Allowance Review Service is strengthened by a set of multi-skilled staff that has been operating for over 60 years. These include Chartered Accountants, Tax Experts, Ex-HMRC Inspectors, Surveyors and many other qualified individuals to ensure that we reach the highest level of due diligence.

Capital Allowance Review Service is dedicated to the tax benefit available from commercial properties resulting in significant tax recovery and reduction in tax liabilities for our clients. As a result of our commitment, Capital Allowance Review Service has obtained numerous new clients from satisfied recommendations and continues to improve their levels of service using their strength and skills throughout the industry.

The aim of capital allowances is to give tax relief for the reduction in value of certain capital assets used by a business, by letting the business write off the cost of the assets over a number of years against the taxable income of the business.

Where you have spent capital buying or improving commercial property, our expertise recovers tax paid and reduces tax liabilities from rental income or trade profits.

Capital allowances are a way of obtaining tax relief on certain types of capital expenditure, subject to the asset qualifying under legislation and are treated as a deduction against taxable income or taxable profits.

A claim for allowances is not affected by the passage of time, for example, unclaimed qualifying allowances from 10 years ago can still be available to claim in the current financial year.

The benefit of tax relief receivable in a given financial period may be enhanced if Annual Investment Allowance (current limit £200,000) is available.

Subject to a full consultation from Capital Allowance Review Service, please find below some examples on potential tax relief for you:

  • Heating systems, including radiators and associated connections
  • Air conditioning and air cooling systems
  • Hot and cold water systems
  • Electrical systems, including lighting systems, wiring, trunking, etc.
  • External solar shading
  • Sanitary ware
  • Burglar alarms, fire alarms, and security systems
  • Fittings and built-in units (Door furniture/ironmongery, kitchen and base units, worktops, shelving, nosing for steps, cupboards, wardrobes, cookers, fridges, mirrors, fire escapes, towel dispensers, etc.)

Why Choose Us?

  • One of the leading experts in the UK with 15 years experience.
  • Skills in all key areas that maximises claims and ensures only legitimate claims are submitted.
  • Free complimentary initial assessment.
  • Carry out full research and due diligence to determine whether they qualify and a claim is available.
  • Provide full reports and issue invoice once the claim process is complete.
  • Provide updates throughout the process with clients and their advisors.
  • No upfront costs
  • 100% success rate
  • Claims fully insured
  • No win, no fee structure
  • Qualified in all key areas e.g. accounting, taxation, surveying, valuations, capital allowance legislation experts & property

What support do we offer?

  • Consultancy service taking full responsibility preparing and submitting claims to HMRC on client’s behalf.
  • Advice line for clients buying/selling commercial property.
  • Guidance given on legal property documents e.g. CPSE, S198 election and contracts.
  • Support for Accountants and Solicitors.
  • We help collate information from client’s advisors.

Our Process

Stage 1 – Free Initial Assessment includes full research and due diligence and illustrating potential claim prior to engaging.

Stage 2 – Establish Claim includes site survey, valuations and claim processing

Stage 3 – Tax Work (Retrospective Claim) includes amending tax return and submission to HMRC

Stage 4 – Reports provided to members and their advisors along with our invoice.

What can we offer as added value?

  • Confirmation of claim availability prior to formal engagement.
  • Stay in touch with changes in legislation, HMRC updates and useful information (subscribers only)

Our cost

Our fee is a % of the capital allowances secured. This is determined by the size and complexity of the case. A small fixed disbursement may also be charged however this is not paid up front.

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