Supporting your business to maximise tax reliefs on capital assets.
Capital allowances play an important role in reducing the tax cost of expenditure incurred on assets used within a business, but navigating the legislation and technical requirements can be complex. At Saffery, we support a wide range of clients, including multinational corporates, private equity funds, SMEs, LLPs and partnerships, real estate investors and developers and operators across hospitality, manufacturing and retail sectors, helping them understand what reliefs are available and how these apply to their projects.
Led by capital allowance specialist Phoebe Hindlet, our team brings deep technical knowledge and practical experience across the full lifecycle of commercial property projects. Whether you’re acquiring a site, constructing a new building or refurbishing an existing asset, we help you identify qualifying expenditure and maximise tax savings across your property portfolio.
What are capital allowances?
Capital allowances allow businesses to claim tax relief on qualifying capital expenditure, reducing taxable profits and improving cash‑flow. Making a well‑supported claim requires an understanding of tax legislation, case law and property law, as well as the practical commercial aspects of how costs arise.
Our capital allowance services
We support clients at every stage of their property projects. Our services include:
- Reviewing your expenditure to identify qualifying costs and prepare clear, well‑supported claims. We ensure costs are classified correctly and provide documentation that is straightforward for HMRC to review.
- Analysing contractor information, cost plans and final accounts to identify qualifying elements within construction, fit out and refurbishment projects. This helps ensure you claim relief on the right assets and don’t miss opportunities on complex or multi‑phase schemes.
- Assessing eligibility for accelerated reliefs, including first‑year allowances and enhanced allowances available in Freeports and Investment Zones. We help you understand how these reliefs apply in practice and what evidence is required to support them.
- Conducting cost assessments and apportionments for newly acquired properties and assets to identify fixtures and qualifying assets.
- Working with your finance and project teams to review costs in real time. We also carry out retrospective reviews to identify relief that may have been overlooked.
- Where capital expenditure relates to research and development (R&D) facilities and equipment, we work alongside our R&D specialists to calculate qualifying costs for R&D Allowances (RDA).
- Advising on the availability of Land Remediation Relief (LRR) for contaminated land projects.
- Preparing claims and advising on exclusions for Private Residential Sector (PRS) and Purpose-Built Student Accommodation (PBSA) investments.
- Offering technical guidance on the capital allowances treatment of specific assets.
- Drafting or reviewing capital allowances clauses in deals and providing input on entitlement, valuation and risk, ensuring allowances are considered early and documented appropriately during transactions.
Our advice is tailored to your commercial objectives, whether you are investing in a single property or managing a complex portfolio.
How we can help
Our team brings extensive experience in analysing property‑related expenditure and preparing robust, commercially focused capital allowances claims.
Get in touch with our specialists to discuss how we can help unlock valuable tax savings for your business.
Useful insights
Capital allowances: a practical guide for UK businesses
