We help businesses like yours unlock their Capital Allowance (CA) tax credit potential. An initial 15-minute conversation, at a time to suit you, will help us identify your CA claim value. Any UK Income Tax or Corporation Tax Paying entity could qualify and you will only pay on success.
Expenditure on long term capital assets for your business can not be claimed through the Profit and Loss Account. However, based on the expenditure you may be able to claim Capital Allowances in accordance with the Capital Allowances Act 2001.
£55m+
Unlocked successfully for our clients as either a cash refund, or a reduction in tax to pay
£300m+
Identified eligible client expenditure due to business innovation
1000+
UK clients of all shapes and sizes & spanning across many different sectors
Essentially, capital allowances are a form of tax relief that tax-paying businesses can claim to incentivise capital expenditure. Capital allowances can be claimed before calculating a taxable profit – in some cases, you may be granted a tax refund (usually if your business is loss-making).
With a capital allowances claim, you can deduct a portion of the value of an item from your profits, before your tax is paid. Whilst there are several different forms of expenditure you can claim for, the most common is known as ‘plant and machinery’ or ‘Main Pool Allowances’, which are items kept for use within your business. According to HMRC, you can claim plant and machinery capital allowances on:
COFFEE SHOPS & CAFES
PUBS, BARS & RESTAURANTS
HOTELS
CARE HOMES
INDUSTRIAL & FACTORIES
OFFICES
NURSERIES & CHILDCARE
FURNISHED HOLIDAY LETS
WAREHOUSES
DOCTOR'S OFFICES & SURGERIES
RETAIL STORES
TRANSPORT & LOGISTICS
DENTISTS
VETS
FARMS & AGRICULTURAL
COMMERCIAL CONSTRUCTION
Claiming capital allowances may seem hard at first, but at the BSE Group, we’re here to help you through the process. Our time within the financial field has given us the expertise needed to help your business claim tax relief. Our services help businesses across the UK to boost their performance, allocating the tax relief gained towards more important projects.
Are you maximizing the tax relief available on your property and equipment investments? If not, you could be leaving significant money on the table.
Most accountants deal with the simple CA elements within businesses, but don’t specialise in claiming elements related to; the Construction of new property, the Purchase of an old or newly built property, Building alterations, extensions & refurbs, or the fit out of a let property.
WE DO …
Capital Allowances is all that we do, unlike many organisations who have a broad knowledge about lots of tax schemes and incentives, we solely focus on Capital Allowances and advise companies on how to successfully claim all CA’s they are due.
We know how busy you are running your business, so we have a simple process that only requires a couple of hours of your time in total, and then we’ll do all the rest of the work ready for submission alongside your tax return. Let us do the leg work for you.
To ensure all available Capital Allowances are claimed, you require a Capital Allowance specialist, whose sole purpose is to analyse and identify all elements you can claim for. Our specialist team will run a Capital Allowance audit making sure we help you unlock any missed Capital Allowances.
Our CAS team is here to not only complete the material for claiming your Capital Allowances, we are here to give you expert advice surrounding past, future, and ongoing projects, ensuring you maximise your tax benefits. We ensure our advice allows you to make informed decisions to benefit your Corporation Tax savings.
Our team of specialists can help identify all qualifying costs, including less obvious ones that a business or accountant might overlook. Through our efficient in-house processes and tools, we can gather the necessary information and prepare your claim quickly and accurately.
Our team ensure that claims are accurate and fully compliant with HMRC regulations, reducing the risk of audits, disputes, or rejections. In case of an HMRC audit, we can provide the necessary support and documentation to defend the claim, minimizing potential issues and stress.
Fleet Management
Logistics Company
Are you maximizing the tax relief available on your property and equipment investments? If not, you could be leaving significant money on the table. At CAS, our dedicated team of capital allowance specialists is here to ensure you claim every pound you’re entitled to.
Realize the Full Potential of Your Investments
At CAS, we believe in empowering businesses to unlock their full financial potential. By leveraging our expertise in capital allowances, you can significantly enhance your cash flow and reinvest in growth and innovation.
Don’t leave money on the table. Contact our team today to discover how much you could be saving with our expert capital allowance services. Let’s maximize your tax relief and propel your business to new heights!
Capital Allowances are a tax relief available to taxpaying entities to incentivise capital expenditure. This tax relief allows capital allowances to be claimed before calculating a taxable profit which can in some cases generate a tax refund if the business is loss making.
Most businesses in the UK, including sole traders, partnerships, and limited companies, are eligible to claim capital allowances on qualifying expenditure, as long as they are within the scope of UK Income Tax or UK Corporation Tax. In order to claim Capital Allowances, you must operate a qualifying activity such as a trade, UK property business and a UK furnished holiday letting business.
Capital expenditure that typically qualifies for capital allowances at varying levels of relief includes machinery, equipment, fixtures and fittings, motor vehicles, integral features embedded within buildings (e.g., lighting, heating, ventilation, and air-conditioning systems), and structural works such as the construction of internal walls, floors, and ceilings.
Some capital expenditure is specifically excluded from the Capital Allowances legislation including residential properties, land, and intangibles such as trademarks and goodwill.
Capital Allowances are claimed in your annual tax return whether this be your CT600 return (for registered companies, your SA800 return for Partnerships, or your SA100/SA200 for individuals. A capital allowances report prepared by CAS can be submitted alongside your tax return to quantify the allowances claimed.
As you claim capital allowances in your annual tax return, the filing deadline for CT600 tax returns is 12 months after the end of the accounting period, and for Partnerships and Sole traders, the self-assessment tax returns are due on the 31st January after the financial year in which the expenditure has been incurred. Following the initial filing deadline, we have a further 12 months to amend and refile tax returns if required.
As long as the asset is still owned there is no limit as to how far back, we can review as we will be able to complete a historic capital allowances review and begin to claim these allowances in the current tax return. However, missing the filing deadline may result in losing out on potential first year allowances and utilisation of the Annual Investment Allowance.
The amount you can claim in capital allowances depends on the type and amount of capital expenditure incurred. There are varying different rates of capital allowances relief each with different rules and requirements. It’s essential to consult with CAS to determine the specific allowances applicable to your expenditure.
Yes, you can claim capital allowances on property renovations and improvements. However, the rules for claiming allowances on property are complex and may require a detailed assessment by CAS.
Yes, you can claim capital allowances on second-hand assets you acquire for your business. The amount you can claim may be based on the original cost to the previous owner, and there are specific rules for claiming on used assets. However, second hand assets have been specifically excluded from first year allowances such as the 130% Super Deduction, 50% Special Rate Allowance, and Full Expensing legislation.
To support your capital allowances claim, you should maintain proper records of all relevant expenditure, invoices, and documentation related to the assets. Accurate records are essential to substantiate your claims in case of a tax audit.
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