Offices and Warehouses .
Offices and Warehouses .
Integral features such as lighting, air conditioning and electrical systems often qualify, whether installed by a previous owner or as part of your own fit out works.
If no specialist review was carried out at acquisition and ongoing capital expenditure has not been technically assessed, substantial relief may still be available.
Early review prevents embedded value being overlooked.
For property purchase claims, up to 25% of the purchase price can qualify for Capital allowances .
- Electrical systems & lighting | Heating
- hot water & ventilation | Data
- IT & building control systems | Kitchens
- WCs & welfare facilities | Furniture
- fixtures & equipment (FF&E) | External works & site infrastructure / Loading bays
- doors & dock equipment | Security, fire & building systems
And much, much more…
What can an office or warehouse owner claim on?
UK legislation allows some business property owners to claim capital allowances on qualifying fixtures already within a property at acquisition, even where these assets were already in place at the time of purchase.
Newly added items and post-acquisition expenditure can also qualify. Whilst accountants typically claim the more obvious items, a surveyor led review can identify additional embedded fixtures and integral features often missed, unlocking further valuable tax relief.
“Excellent service following our accountant’s recommendation
We were referred to Eureka Capital Allowances by our accountant to review the capital allowances position on our office building, and I’m very glad we followed the recommendation.
Eureka took the time to properly understand the property and carried out a detailed survey that went far beyond a standard desktop review. They identified qualifying fixtures and plant that had not previously been claimed, resulting in a substantial increase to our capital allowances pool and a very welcome tax saving.
The process was straightforward from start to finish. Communication was clear, the technical explanations were easy to understand, and they worked seamlessly with our accountant throughout, which made the whole exercise hassle-free for us.
For any commercial property owner who wants confidence that nothing is being missed, I wouldn’t hesitate to recommend Eureka Capital Allowances.”
Office Building Owner
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.