MK Capital Allowances

Tax allowances for commercial properties are often under-claimed due to incomplete construction cost information or tax history for purchased properties. We provide the detail and valuation for everything that can qualify for allowances to be claimed and agreed with the tax authorities. For purchased properties we prepare apportionment claims which quantify the amount of plant and machinery (‘purchase claims’). A capital allowances analysis report accompanies the tax return and if there are enquiries we negotiate agreement of the allowances with the tax authorities. Capital allowances are not automatically claimed by your accountant and often a conscious decision is needed in order for this valuable tax relief to be accurately assessed.