Are you sure that you have claimed capital allowances?

For many reasons Capital Allowances claims have not been prepared for over 70% of commercial properties in the UK. Capital allowances may be claimed by a property owner or investor provided that they have incurred capital expenditure on an asset that they own and use in their business.

Similarly, tenants may claim capital allowances on expenditure on fixtures and fitting installed by them during the term of their lease provided that the lease is still ongoing and not about to cease.