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FAQs

Capital Allowances are a legitimate form of tax relief for virtually every business in the UK. They provide a type of tax relief that allows businesses & individuals to deduct the cost of certain assets from their taxable profits.

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Stuart Rivers Associates can help you with your Capital Allowances claims if you are a Commercial property owner, either an investor or owner managed business, and no matter how you are structured - as long as you pay UK tax.

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After our report has been approved by the HMRC, the tax savings can be written down over many years or (if available) the amount can be received in full in the first year as a result of using a 100% first year allowance such as the Annual Investment Allowance (see 100% First Year Allowances).

No – Claims can’t usually be made on residential property. However there are some exceptions, these include properties with common areas (such as HMOs & Student Accommodation and Furnish Holiday Lets).

Please contact Stuart Rivers Associates to confirm whether your property qualifies.

Only if they contributed towards the expenditure themselves - We often find that most landlords like to give rent-free periods to their tenants instead, but as a result they miss out on the tax savings that could be made on the contributions.

Yes, although you would need to insert an election into the contract in order to retain and continue to receive the tax savings. If this is not included then they will be clawed back.

No they won’t. However, they do make for an attractive incentive to potential buyers when sellers are willing to pool and pass on the allowances.

Generally not, as the expenditure needs to be held as a fixed asset in the owner’s balance sheet as Capital Allowances are intended for capital expenditure, property developers usually hold it in trading stock and therefore can’t claim.

Yes it would. It doesn’t matter when the property is bought as long you still currently own the property a claim can be made.

Then in all probability, there will be no Capital Allowances for the buyer from their purchase expenditure.