CAS - Sectors - Industrial & Factories
Industrial sites & Factories in the UK can claim capital allowances on a wide range of expenditures, significantly reducing their tax liabilities. By investing in qualifying plant and machinery, integral features, environmentally beneficial equipment, and building projects, industrial businesses can optimize their financial performance.
Navigating the complexities of capital allowances requires specialized knowledge and experience. Our experts stay up-to-date with the latest HMRC guidelines and industry practices, ensuring your claims are accurate and fully compliant. This expertise can translate into substantial tax savings for your factory.
Consulting with our specialist team can ensure all eligible expenditures are claimed, maximizing the financial benefits.
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.
Capital allowances are available for industrial properties on expenditure relating to their fit out, refurbishment, construction as well as the purchase of new and second-hand properties. Qualifying items can include pieces of plant and machinery such as equipment, shelving, security cameras, and fire alarms. In addition to the various pieces of plant and machinery commonly found in the fit out of industrial properties, entities are able to claim allowances on integral features as well. Specifically for these types of properties these assets often include heating and ventilation systems, lifts, electrical power and lighting, and hot and cold-water systems.
In addition to the various capital allowances available on plant and machinery and integral features, expenditure on items such as walling, 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.
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.
