Capital Allowances For Commercial Property.
has your property been surveyed for hidden tax relief?
Book a free discovery call
with Eureka today.
Have the best consultants 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 help a number of commercial property owners to unlock their tax benefits across multi-sectors including pubs and restaurants, B&Bs, offices, doctors and dentist surgeries and care homes too!
How to know if your property
qualifies for capital allowances.
In order to be eligible for capital allowances, your property must be a commercial property and owned by a UK taxpayer,
whether an individual or company. There are a number of different qualifying commercial properties, including:
Capital allowances services.
Capital Allowances widely underclaimed by commercial property owners due to a lack of understanding of the rules around it. At Eureka, we want to put an end to this confusion! Our capital allowances services can help to save commercial property owners thousands of pounds by identifying hidden tax relief that they’re unaware of.
There are no upfront costs, and if we do not find anything, commercial property owners will not pay anything.
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 for 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.