CAS - Sectors - Dentists
Dental Surgeries and Clinics frequently incur significant capital expenditure on refurbishing and fitting out their properties especially in regard to ensuring they are compliant with any relevant health and safety requirements.
Given the frequency of fit outs and refurbishments as well as the typically substantial costs involved in completing these projects, the availability of capital allowances is a lucrative tax relief which should be considered when planning or completing any such projects.
Reinvest tax savings into state-of-the-art dental equipment, digital imaging systems, and patient management software. Upgrading to the latest technology not only enhances patient care but also streamlines operations, improving efficiency and patient satisfaction.
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.
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.
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.
Qualifying items can include, hygienic installations, medical equipment, additional electrical and gas pipework, electrical power and lighting, X-ray machines, sanitary ware and hot and cold-water systems.
Since the 29th of October 2018, an additional allowance referred to as Structures and Buildings Allowances has been available for eligible expenditure. This has significantly improved the level of return from capital allowances reports for new build purchases and new construction/fit out works as items such as walls, flooring and external works qualify for Structures and Buildings Allowances.
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.
