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If you find yourself in the process of acquiring, or have previously acquired, a commercial property, you may be entitled to claim embedded capital allowances.
Many owners of qualifying commercial properties are often unaware of the substantial tax benefits they might be missing out on due to this complexity.
Elite Tax Group are your trusted partner in navigating the complexities of embedded capital allowances. Our team possesses extensive knowledge of embedded capital allowances, and our tax specialists are well-versed in the intricacies of identifying qualifying expenditure.
By working with us, your business can uncover potential tax relief that might have otherwise gone unnoticed, providing you with significant savings and ensuring that you're making the most of your commercial property investments.
Embedded capital allowances are a form of tax relief that your business can claim when purchasing assets like equipment, machinery, fixtures, and fittings.
This not only reduces future tax obligations, but can also result in a refund of previously paid corporation tax from the preceding year. Typically, such a claim can identify approximately 15% to 35% of a property's purchase price as eligible capital expenditure.
We consider this to be essential for any eligible business. At Elite Tax Group, our experts will pinpoint the capital expenditure at point of purchase, leading to tax savings.
What are capital allowances?
Examples of properties which may qualify:
Commercial property
Hospitals
Hotels
Factories
Offices
Furnished holiday lets
ELITE TAX GROUP