Capital Allowances For
Furnished Holiday Lets.
Eureka help save Self-Catering Property Owners tens of thousands of pounds by identifying hidden tax relief on ‘embedded fixtures’ that owners are unaware of and their accountants have not or cannot claim.
ACT NOW, THE CAPITAL ALLOWANCES COUNTDOWN IS TICKING! AVOID BOTTLENECKS - JANUARY 2027 & MARCH 2027
Capital allowances on furnished holiday lets.
Capital allowances are a form of tax relief that businesses can claim on certain types of capital expenditure, such as assets they use in their business. You don’t want to be paying more tax than you have to, so understanding your capital allowances is crucial!
For owners of furnished holiday lets, capital allowances provide tax relief on the reduction in value of ‘plant and machinery assets’, such as furniture, fixtures and fittings. Unbeknown to most owners, this can include items that were already in the property when it was purchased.
How to know if your furnished holiday let
qualifies for capital allowances.
There are a number of different criteria your holiday let needs to meet in order to qualify for capital allowances:
Have the best capital allowances professionals on your side.
At Eureka Capital allowances, we have decades of experience in capital allowances, and help our clients to unlock thousands of pounds of hidden tax relief in their properties. We also offer a free review.
We don’t just help furnished holiday let owners, we also provide our knowledge and services to pubs and restaurants, B&Bs, offices, doctors and dentist surgeries and care homes and nurseries too!
OUR STRATEGIC HOLIDAY LET PARTNERS
“Eureka Capital Allowances has helped members of the Association of Scottish Self-Caterers unlock substantial tax relief that they were unaware of… We would thoroughly suggest that owners of self-catering businesses investigate this very real opportunity.”
Fiona Campbell
CEO of ASSC
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.