CAS - Sectors - Retail Stores
A retail store is a physical establishment where businesses sell goods or services directly to consumers. It is a point of sale where customers can browse, select, and purchase products or services. Retail stores are diverse and can include a wide range of formats such as department stores, specialty shops, supermarkets, convenience stores, boutiques, and more.
Capital allowances provide immediate cash flow benefits by allowing you to deduct the full cost of eligible assets upfront. This includes essential investments like shop fittings, lighting upgrades, and IT systems. Enhanced cash flow empowers you to invest in store enhancements, inventory, and customer experience improvements.
In today’s competitive retail landscape, staying ahead requires continuous improvement and investment. Capital allowances enable you to upgrade technology, expand product offerings, and innovate store design. This positions your retail store as a modern and appealing destination for customers.
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:
Cleaning equipment, shelving, grocery checkouts, backroom equipment, racking, display cases, moveable partitions etc.
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:
General lighting and additional dropped lighting, heating systems, air conditioning, escalators, and lifts 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, tiled flooring, suspended ceilings, and stud partitions etc.
Capital allowances are available for retail stores 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 shelving, grocery checkouts, backroom equipment, racking, display cases, moveable partitions, CCTV, alarms and access control systems will qualify as will the costs incurred for the installation of Solar Panels and Electric Vehicle charging points. Allowances are also available for a variety of integral features such as electrical power and lighting, heating and ventilation, and hot and cold-water systems, larger retail settings will also include escalators, moving walkways and lifts.
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.
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.
