Petrol Stations .
Petrol stations are infrastructure heavy assets including underground tanks, forecourt installations and integrated systems.
Petrol Stations .
Petrol stations are infrastructure heavy assets including underground tanks, forecourt installations and integrated systems.
Significant allowances may exist within the original acquisition price as well as within ongoing forecourt upgrades and compliance driven capex.
These claims are technical and require sector specific surveying expertise to ensure the full embedded value is captured.
For property purchase claims, up to 45% of the purchase price can qualify for Capital allowances .
- Fuel storage, dispensing & monitoring infrastructure | Forecourt operations
- lighting & safety systems | Retail shop fit-out & refrigeration | Mechanical, electrical & environmental services | Compliance
- security & control systems | Site circulation
- drainage & external infrastructure
And much, much more…
What can a petrol station 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.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.
“Outstanding result – highly recommend Eureka Capital Allowances
As a petrol station owner, I assumed our accountant had already picked up anything available in relation to capital allowances. After being introduced to Eureka Capital Allowances, it quickly became clear how much specialist knowledge is required in this area and how much can be missed.
Eureka carried out a detailed site survey and identified significant qualifying items within the forecourt infrastructure, underground services, and fixtures that we would never have known were claimable. The value of the claim was far higher than expected and the tax relief achieved was excellent.
The team were professional, thorough, and easy to deal with throughout. They worked collaboratively with our accountant, explained everything clearly, and handled the entire process from start to finish.
If you own a petrol station or any complex commercial property, I would strongly recommend speaking to Eureka. The results speak for themselves.“Â
Mr Kugapala
Risca Petrol Station
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.