Capital Allowances Specialists & Surveyors.
Capital allowances are a form of tax relief that businesses can claim on certain types of qualifying capital expenditure, such as on assets they acquire for use in their businesses or items already in the property upon acquisition.
Capital allowances surveys with Eureka.
Despite the benefits of claiming capital allowances for many business and commercial property owners, capital allowances are widely underclaimed. At Eureka Capital Allowances, we want to put an end to the confusion and help property owners understand what is and isn’t eligible for tax relief!
Our capital allowances trained surveys have helped our customers save thousands of pounds by identifying hidden tax relief that they’re unaware of, helping provide diligent and robust capital allowance reports for submission to HMRC.
Unlocking hidden tax relief in your commercial property.
Why choose a capital allowances specialist?
Capital allowances in-house surveyors are essential to ensure that you have correctly identified every qualifying asset within your property. Not only does this maximise your tax relief and prevent overpayment of taxes, but it also makes sure that you comply with tax regulations that you might not understand fully.
Our capital allowances specialists have all been trained specifically in this role, and so have all of the knowledge and expertise that you require to be able to claim capital allowances.
The industries we work in.
Questions.
Have any questions that we haven’t answered here? Get in touch with us and we will do our best to answer them for you!
Why Accountants Can’t Claim These Allowances.
Capital allowances on property cannot be identified from accounts alone and usually require a specialist review of the building itself. As accountants are not trained or insured to carry out building surveys, significant capital allowances are routinely missed without this process.
What Are Capital Allowances?
Capital allowances allow businesses to deduct qualifying capital expenditure on plant and machinery from taxable profits. When a commercial property is purchased, part of the purchase price may relate to qualifying assets already within the building, which are often overlooked but can deliver significant tax relief when properly identified.
Who Can Claim Capital Allowances?
Businesses and property owners who incur qualifying capital expenditure, including those who purchase commercial property, may be entitled to claim.
What Can Qualify?
Capital allowances generally apply to qualifying plant and machinery and certain fixtures within a commercial property. These items are often embedded within the building and, when correctly identified through specialist analysis, can be pooled and claimed for tax relief.