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Capital Allowances on Commercial Property 

Knight Frank have a team of specialist surveyors and taxation advisors who work to identify and maximise the tax saving opportunities for commercial property owners and occupiers across the UK

Capital allowances requires a deep understanding of property and construction in order to maximise available allowances, whilst minimising risk of HMRC enquiry.

At Knight Frank we have access to a wide range of property professionals and a vast construction and valuation database. Access to such resources allows us to provide the most accurate valuations of capital allowances on both property transactions and construction works.

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Capital Allowances

A tax relief for capital expenditure incurred on property used in the course of your business. Capital allowances are used to reduce corporation and income tax.

In the UK, depreciation is not an allowable deduction when calculating taxable profit; capital allowances are used in its place. The rate at which allowances can be utilised depends upon the category of capital allowance each particular asset falls within.

We seek to accelerate the rate at which tax relief can be utilised through a detailed analysis of total property expenditure.

Why

A claim must be made in order to benefit from the relief.

HMRC can penalise tax payers for errors in their returns and have powers to scrutinise historic accounts up to 6 years in the past for those under investigation.
Our reports are prepared on a fully disclosed basis, in accordance with the relevant legislation, case law, and HMRC guidance.

Capital Allowance advisers Knight Frank can help you decipher this often confusing tax relief for businesses. Find out if you're eligible to claim and how much rebate you may be owed.

Who

Investors & Owner Occupiers (Property Transactions)

• Pre-acquisition due diligence and contract assistance
• Portfolio reviews
• Purchasing through receiver or property auction
• Transaction compliance with capital allowances legislation
• Post-acquisition overage claims for additional capital allowances
• Disposal advice and sales reports

Developers & Landlords (Construction Works)

• Option appraisal and tax planning
• Construction contract review and supporting advice
• Project monitoring / Live tax analysis / Interim reporting
• Structures and buildings allowance tracking
• Forward funding advice
• Tax efficient lease incentive advice

Occupier (Construction Fit out Works)

• Trade specific entitlement reviews
• Bespoke and cost effective capital allowance capturing methodologies
• Project monitoring / Live tax analysis / Interim reporting
• Tax efficient lease incentive advice

Get in touch to see how we can save you money on your tax bill or for help and advice on understanding Capital Allowances


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