Preparing for your claim

What to know when making a claim

Lack of awareness of Capital Allowances means many people overlook the need to agree a specific value for a building’s fixtures and features.

When you purchase a freehold or long leasehold of a commercial building, ask for the contract to include a breakdown of these values, rather than an overall price for the property.

If you have already bought the property, a specialist can survey the property to include the value of assets in future tax returns.

There are time limits depending on the purchase date, so act now if you already own the building.

What's involved?

  1. Site survey we’ll conduct a thorough survey of the property
  1. Valuation report we’ll prepare a Capital Allowances Valuation Report
  1. Strategic advice we advise on the most suitable options for your particular circumstances.
  1. Review and approve you and/or your accountant will have an opportunity to review and approve the report.
  1. Report submission we submit it to HMRC along with your tax returns.
  1. Future-proofing we will provide your accountant will all details of the claim, the amended returns and details of how to claim Capital Allowances relief in future years.
  1. Liaising with HMRC should it be necessary, we will liaise with HMRC over any enquiries, including attending meetings and responding to correspondence.

You should take the same approach if you are building a property, even if contractors are reluctant to reveal profit margins. The process should be straightforward, as costs of features can be more easily separated from the bricks and mortar element.

If work is already completed it may be more difficult to get the details from contractors, but a specialist surveyor can help.

Capital Allowances have no effect on Capital Gains Tax when you sell your property. You can still deduct the full purchase price from sale proceeds after a successful claim.

There is also no requirement to pay back the tax relief after a sale, and any Capital Allowances not yet claimed can be retained for future use.


If you need to speak to us about a general query fill in the form below and we will call you back within the same working day.

News and Insights

  • 19
  • Oct
What can small firms expect from the looming Autumn Budget?

Wednesday 27 October will see the announcement of 2021’s second Budget, alongside a spending review, by Chancellor of the Exchequer Rishi Sunak. Some important developments have already been announc…

  • 30
  • Sep
Individuals and businesses given another year to prepare for ‘Making Tax Digital’

The UK Government has responded to pressure from professional bodies by confirming a one-year postponement to its comprehensive digital tax reforms.  The ‘Making Tax Digital’ initiative would hav…

Notice: WP_Scripts::localize was called incorrectly. The $l10n parameter must be an array. To pass arbitrary data to scripts, use the wp_add_inline_script() function instead. Please see Debugging in WordPress for more information. (This message was added in version 5.7.0.) in /home/sites/tspartners.co.uk/public_html/wp-includes/functions.php on line 5663