Hotels and B&Bs .
Hotels and B&Bs .
Heating systems, lifts, commercial kitchens and fitted rooms frequently qualify for capital allowances.
These may have been embedded within the purchase price when the property was acquired, and further value may sit within refurbishment and upgrade programmes.
A specialist acquisition and capex review ensures nothing within the building fabric or subsequent investment is left unclaimed.
For property purchase claims, up to 30% of the purchase price can qualify for Capital allowances .
- Electrical systems & lighting | Heating
- hot water & ventilation | Bedrooms
- bathrooms & guest facilities | Commercial kitchens
- bars & back-of-house | Furniture
- fixtures & equipment (FF&E) | External works & site infrastructure
And much, much more…
What can a hotel or b&b owners 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.Â
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.
“We have owned the hotel since 2005 and were not aware that there were items still in the building since the time of acquisition, that qualified for tax relief! Eureka made the process seamless, they did all the heavy lifting and liaised with our accountants to achieve a fantastic result. We highly recommend their service.”Â
Jas Kullar
Heritage Park Hotel
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.