Unlock your property business's potential with Capital Allowances!
Capital Allowances - Maximise Property Business Tax Savings
What our clients say about us
Spearheaded by the UK's polished professional bodies, ACCA and CIOT, we vow that we render the best service from our qualified and regulated accountants and tax advisers.
We’ve partnered with seasoned solicitors with over 20 years’ experience, demonstrating our commitment to providing top-tier capital allowances services and exceptional results for our clients.
Whats Happening in the World of Capital Allowances?
In 2019 to 2020 net capital allowance claims increased to £129 billion – a 16% increase on the previous year. Over the 6 tax years displayed in the chart, net capital allowances have increased by almost 30% or £29 billion.
Net Capital Allowance Claims in 2019/20:
Most claimed Capital Allowance in 2019/20 - Annual Investment Allowance (AIA)
Source: Corporation Tax statistics commentary 2021
What You Need to Provide
Simply provide us with the following information, and we will take care of your capital allowance claim for you. There's no need to worry or stress over it, as our team is here to handle the entire process on your behalf.
Why Choose Us
We are specialist accountants and tax advisers for your property business! The service delivered by our qualified and experienced team is tailored as per your needs. Our accomplished tech-embedded service with exceptional property tax insight makes us stand out from the rest.
Free Initial Consultation
You can schedule a free 15-minute tax consultation with us to discuss your potential capital allowance claim and discover how we can help you maximise your returns.
With our personalised analysis, we ensure that you receive the capital allowance claim that you’re eligible for based on the information you provide, so you can have confidence in receiving maximum returns for your business.
Property Tax Specialists
Our team of tax professionals offer a comprehensive service that covers all aspects of capital allowance claims, ensuring that you receive the expert support you need from start to finish.
Our competitive pricing ensures that you receive excellent value for your money while maintaining the highest quality of service.
Peace of Mind
With our expertise and experience, you can relax knowing that your Capital Allowance is in good hands and that you're fully compliant with all relevant regulations and requirements.
We make it easy to submit your Claim Your Capital Allowance Relief, so you don't have to worry about any of the details.
How We Work
We take a collaborative and results-driven approach to helping our clients maximise their capital allowance claim. Our team of experts is committed to working closely with you throughout the entire process to ensure that we deliver the highest possible quality of service and achieve the best possible outcomes for your business.
Written Tax Advice Report
Claim Submission to HMRC
We review the information provided by you for the potential capital allowance claim and determine if you qualify for capital allowances.
Once it is determined that you are eligible, we will gather all the necessary information about your business and assets, including property details, and tax returns.
We will prepare a detailed report that includes a summary of the qualifying expenditure and a calculation of the allowable capital allowances.
Submission to HMRC
We will then submit the claim to HMRC along with any required documentation, and work with them to address any inquiries to negotiate the best outcome for you.
See How We Helped!
You're in good company
Tax Saving of £14,000!
During a review of a client's assets, we identified that they had overlooked a significant amount of plant and machinery expenditure. Their original claim was for £50,000, but after our review, we were able to identify an additional £20,000 worth of qualifying items. This increased their capital allowance claim to £70,000, resulting in a tax saving of £14,000.
£8,000 Tax Saved
Our client spent £150,000 on a commercial property and made a failed claim for £10,000 of capital allowances. We were able to identify an additional £30,000 worth of qualifying expenditure and successfully secure a capital allowance claim for £40,000. This resulted in a tax saving of £8,000 for our client.
£20,000 Tax Saved!
Our client was acquiring a new property for £500,000 and we identified £100,000 of qualifying expenditure, securing a capital allowance claim for the same amount. This resulted in a tax saving of £20,000. We ensured that they met all the necessary legal requirements & helped them avoid any potential penalties or legal issues in the future.
our team members
At UKPA, it is done by a team of people evolved from different walks of life. Trained and experienced in property and real estate tax, accounting, and compliance matters, most of them are qualified as Chartered Accountants, Chartered Tax Advisers or Chartered Financial Analyst.
Lisha holds a professional ACCA degree. She has years of experience in accounting, auditing and consultancy services.
Prasun is a Chartered Accountancy student with strong analytical and problem-solving skills, experienced in dealing with UK clients.
Merisha holds an Association of Chartered Certified Accountant (ACCA) degree with over 5 years of experience in auditing, accounting and compliance fields.
Shachham Subedi is a qualified Chartered Accountant with over six years of persistent post-qualification experience in Accounting, Auditing, Finance & Taxation.
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Frequently Asked Questions
How does claiming Capital Allowances myself versus having a qualified professional do it differ?
Capital Allowances can be a complex area of taxation, and it's possible to overlook some of the allowances that you're entitled to claim. Our team of experienced tax professionals specializes in capital allowances and with our expertise, knowledge, and experience, we can help ensure that you claim all eligible allowances while also handling the administrative burden of calculations and claims.
How soon should I expect to hear back from your team if I have an inquiry?
We aim to respond to questions and concerns within 24 hours during regular business hours, but response times may vary based on complexity and team availability. Urgent cases receive priority, and we communicate clearly with clients regarding any potential delays.
How do you personalize your services to each client's unique needs?
We take a client-centred approach to tailor our services to your specific needs. This involves understanding your goals, challenges, and expectations, customizing our services to meet your needs, collaborating with you throughout the process, and regularly evaluating the effectiveness of our services to ensure they continue to meet your evolving needs.
Can I still make a claim Capital Allowances if I don't have detailed invoices?
While having detailed invoices for Capital Allowance claims is ideal, it's still possible to make a claim without them. You can estimate the cost of assets and make a 'just and reasonable' claim based on the estimate, as long as it's supported by evidence like bank statements or receipts.
What is the difference between Capital Allowances and Tax Depreciation?
Both Capital Allowances and Tax Depreciation are ways for property businesses to reduce their taxable income by deducting the cost of assets over time. However, Capital Allowances are a specific set of deductions allowed by the UK tax system for certain types of assets, while tax depreciation is a more general concept that applies to any asset that loses value over time.
What happens if I miss the deadline for claiming capital allowances?
It is not possible to reopen computations from many years ago to address missed claims for capital allowances. However, there are no legislative restrictions on when property businesses can include qualifying expenditure into their capital allowance pool, regardless of when the expenditure was incurred. This means that if the property business still owns the asset at some point in a later year, they can bring the costs into account as qualifying expenditure in that year. However, the claims will be Writing Down Allowances (WDA) only.