Embedded Capital Allowances

Embedded Capital Allowances

Capital allowances are a valuable form of tax relief which is available to anyone who incurs expenditure buying or building a commercial property. They are available as a relief because accounting depreciation is not an allowable expense on your tax return.

Whilst most ‘everyday’ purchases (such as Computers, Carpets, Desks etc) would usually have been claimed for, the more complex and significant items are normally avoided by Accountants because they don’t have the information to deal with them. These include central heating, air conditioning, cabling, security systems and much more.

It is very unlikely that your Accountant will have done an Embedded Capital Allowances claim for you, due to the specialist nature of the work involved – they will need not only a very detailed understanding of the HMRC guidelines and manuals, but also a team of Surveyors and Solicitors in place to help prepare underlying details. We work closely with your Accountant to prepare the Report and ensure that the figures provide the best possible benefit for you.

Find out how you could benefit from an ECA review