Updated: Dec 15, 2022
If you own commercial premises or have spent money refurbishing one then you need to explore this business tool further.
On average 90% of UK businesses that own commercial premises are overpaying corporation tax because they’re not claiming government incentives for commercial property acquisitions and/or refurbishments.
Capital allowances are a form of tax relief; they have been around since 1878 and have their own Act of Parliament under CAA2001. Please don’t just take our word for it, here’s a link to HMRC’s official website: https://www.gov.uk/capital-allowances.
Commercial property capital allowances can benefit businesses in multiple ways! If eligible, businesses could get a refund from HMRC. This could be used to give a business a capital injection or as tax credits to reduce payments going forward. Both of these options may ultimately help the business’ overall growth.
On average, we identify £140,000 of unclaimed capital allowances per client!
Recent claim - £40,380 in immediate tax relief!
This retail unit just yielded it’s owners £40,380 in tax relief.
Capital Allowances identified for business owner £212,530
Tax relief to business owner £40,380
What could your business do with an additional £40,380?
To check out how much you could be due back, here’s a link to our ‘Do I Qualify?’ page: https://www.dedicatedcapitalallowances.com/do-i-qualify.
If you would like further information on how you can maximise your tax relief, contact us at firstname.lastname@example.org to arrange a call or sign up to our newsletter to be kept up to date with all things capital allowances and to see how other businesses are utilising commercial property capital allowances to grow their business!