CAS - Sectors - Coffee Shops & Cafes
Coffee shops and cafes are often seen on high streets in small villages and large city centres, they offer guests a relaxing and quiet place to enjoy coffee, work and meet with friends and family. These family friendly establishments are often refurbished to maintain their appeal to customers and remain competitive in the ever-growing industry.
If you own the property where your coffee shop operates, capital allowances can unlock hidden value in your building. Costs related to building alterations, such as installing new electrical wiring or plumbing for your coffee machines, can also be claimed. This turns necessary expenditures into valuable tax relief. By upgrading your facilities and claiming these allowances, you not only improve your customer experience but also reduce your tax liability.
In addition to the various capital allowances available on plant and machinery and integral features, expenditure on items such as walling, stairs, flooring, doors and windows, and roofing may also be eligible for Structures and Buildings Allowance. This is providing that the construction contracts were signed on or after 29 October 2018.
No upfront fee
Our team, are here to build a long term relationship with you and your business, and that's why we don't need hourly rates or day rates - we only bill when your claim is successful.
£55m+
Unlocked for our clients through well prepared, robust and successful UK commercial tax relief claims.
£121bn
Was the total value of UK Capital Allowances claims minus balancing charges in the 2021 to 2022 financial year (HMRC Stat).
In the UK, capital allowances are categorized into different “pools” which determine the rate at which you can claim tax relief on your capital expenditures. Here are the primary cost pools for claiming UK capital allowances:
This pool typically includes most plant and machinery used in a business. The main pool qualifies for the Writing Down Allowance (WDA) at a rate of 18% per year on a reducing balance basis. Examples include:
Catering equipment, counters, seating areas and relevant furniture, ambient features and signage
The special rate pool includes assets that have a slower depreciation rate and qualifies for the WDA at a rate of 6% per year on a reducing balance basis. This pool covers:
Lighting, heating systems, lifts, air conditioning, hot and cold water systems in bathrooms etc.
Introduced for contracts entered into on or after October 29, 2018, the SBA allows businesses to claim 3% per year on the cost of constructing, renovating, or converting non-residential structures and buildings. This allowance is claimed on a straight-line basis over 33 1/3 years.
Walls, solid partitions, windows, doors, stairs, roofing etc.
Coffee shops and cafes can benefit from varying levels of capital allowances in relation to their fit out and refurbishment costs, including plant and machinery such as catering equipment, counters, seating areas and relevant furniture, ambient features and signage. Coffee shops often also include sanitary ware and toilet facilities for their guests which are eligible for capital allowances. Entities are also able to claim allowances on integral features as well, specifically for these types of properties these assets often include heating and ventilation systems, electrical power and lighting, and hot and cold-water systems.
Our team comprises seasoned tax professionals and surveyors with extensive experience in the nuances of capital allowances. We stay abreast of the latest legislation and best practices, ensuring you receive the maximum relief available.
We conduct thorough assessments of your capital expenditures, meticulously identifying all qualifying assets. From plant and machinery to integral building features, our detailed approach ensures nothing is overlooked.
COFFEE SHOPS & CAFES
PUBS & RESTAURANTS
HOTELS
CARE HOMES
INDUSTRIAL & FACTORIES
OFFICES
NURSERIES & CHILDCARE
FURNISHED HOLIDAY LETS
WAREHOUSES
DOCTORS 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. Unlock the hidden value in your capital expenditures with our help.
Contact us today for a free initial consultation and see how our Capital Allowance Team can transform your tax strategy and enhance your financial performance.
