Review capital expenditure. Understand what may qualify.
Capital allowances may allow a business to deduct qualifying capital expenditure when calculating taxable profits. The available allowance and timing depend on the asset, transaction, ownership and claim history. We coordinate the initial review and arrange specialist property analysis where needed.
Begin with the qualifying conditions.
These points are a starting framework, not a conclusion on eligibility.
- 01The claimant has qualifying capital expenditure and an appropriate interest in the asset.
- 02Plant, machinery or fixtures can be distinguished from non-qualifying expenditure.
- 03Property purchase history and earlier claims or elections are available for review.
- 04The applicable allowance and tax period are confirmed rather than assumed.
A clear route from facts to next steps.
Scope, responsibilities and commercial terms are agreed before work begins.
Establish the transaction, ownership and expenditure history.
Collect purchase, construction or refurbishment documents.
Check prior claims and relevant fixtures information.
Arrange specialist analysis or a survey where the facts require it.
Evidence makes the position reviewable.
The exact documents depend on the relief, transaction and accounting period.
- Purchase contracts and completion documents
- Invoices, cost plans and building specifications
- Previous capital allowance computations
- Plans, photographs and asset registers