Capital allowances claim
A capital allowances claim is the process of identifying the qualifying plant, machinery and fixtures within a commercial property, valuing them, and setting out the resulting allowances so they can be included in a tax return. The identification and valuation is specialist work; the decision to make the claim and the submission itself rest with the taxpayer's accountant.
Worked example
A restaurant owner engages PTRC to review their premises. PTRC produces a desktop report on the property, values the qualifying fixtures and sources every figure. The owner's accountant reviews that report and, if satisfied, includes the allowances in the tax return, either amending an earlier year or applying them going forward.
Related: How a claim works
See whether there is a claim in your property
A short, no-pressure conversation. There is no upfront cost, and you only pay when a claim succeeds.