Capital Allowances

Capital allowances include the expenditure which any business can claim against its taxable profit. A business can claim capital allowances on most of the assets associated with the business, which includes the equipment, research cost, and even the expenses involved in the building renovations.

There’s no denying the fact that this tax relief available on commercial property assets is quite significant, but still, this is the most complex area of the UK tax legislation, and this might be the reason that most of the people overlook it. It is due to the complexity of the capital allowances that more than half of the business in the UK don’t even claim their entitlement, which, when evaluated, can be worth hundreds of thousands of pounds.

At Lovell Consulting, our job as capital allowance consultants is to provide businesses with much-needed guidance, ensuring that they do not miss out on significant tax relief opportunities. Whether a client is a commercial property owner or a renewable energy investor, our capital allowance experts can lend our services to businesses in the UK.

Spotting the opportunity of a capital allowance

There can be two opportunities in which you can claim the capital allowances:

  1. When the business has its expenditure on purchasing, constructing, refurbishing, fitting or even on the equipment
  2. While buying or selling any commercial property. Properties that can benefit by acquiring the capital allowance include:

Expenses on an office building

  • Entertainment venues and restaurants
  • Nurseries and residential care homes
  • Hotel acquisition and refurbishment
  • Expenses on shopping malls

For capital allowance assessments on investment properties in the UK, whether they are residential property for letting or a commercial property, turn to Lovell Consulting’s capital allowance expert advisers.

Why Lovell Consulting for Capital Allowances?

We at Lovell Consulting will handle this complicated process by providing the best and most enhanced capital allowances consultancy service in London, assisting you to identify your entitlement on your assets and relieve all the burden of the tax compliance. Our capital allowance consultancy services will keep you in control of the process, helping you take the positive and profitable action for your property.

In the 24 years of experience, we have acquired our expertise in capital allowances, providing the best advice to help maximize your capital allowance claims. What makes Lovell Consulting the best at capital allowance consultancy are factors like,

  • 24 years of successful work
  • Highly competitive fee value
  • The highly skilled in-house team, having expertise in capital allowance
  • Quick response time

If you had been missing out from claiming your capital allowance, it’s time to reach out to Lovell Consulting and acquire the best consultancy service to make the most of the opportunity of capital allowance this time.