Clawback
Clawback is where capital allowances already claimed are effectively reversed, usually through a balancing charge when a property is sold and the fixtures are disposed of. It is the reason capital allowances must be dealt with carefully at the point of sale, so that relief given earlier is not unexpectedly pulled back by HMRC.
Worked example
An owner claims allowances on the fixtures in a commercial unit, then sells the property a few years later. If the sale is not handled correctly, a balancing charge can arise that adds back some of the relief already claimed, increasing the tax due in the year of sale.
Related: Capital allowances on commercial property transactions
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.