Do I qualify for capital allowances? A quick guide
A plain checklist of who can claim capital allowances on commercial property in the UK, and the few things that rule a claim out.
- You likely qualify if you own UK commercial property and pay UK tax.
- Residential lets and allowances already claimed can rule it out.
- A review checks the history you cannot easily see yourself.
The quickest way to know whether there is a claim worth making is to run through a short list. None of it is complicated. If you can say yes to the first few and no to the last few, there is a good chance you have unclaimed relief.
You probably qualify if
- You own commercial property in the UK, on a freehold or a long leasehold.
- You pay UK income tax or corporation tax.
- You bought, built, extended or refurbished that property.
- The property is used for a business, whether yours or a tenant’s.
It gets ruled out or limited if
- The property is purely residential. Ordinary residential lets do not qualify, though a qualifying furnished holiday let is treated differently.
- The allowances on these fixtures have already been claimed by you or a previous owner.
- A section 198 election fixed the fixtures at a low or nil value when you bought, which can limit or block a claim.
The honest bit
Most of these you will know the answer to straight away. The ones you will not, whether allowances were claimed before and what any election said, are exactly the things a proper review checks for you. You do not need to work them out yourself before getting in touch.
And because we only charge on success, finding out where you stand costs you a conversation and nothing more. If there is nothing there, we will tell you, and that is the end of it.