TRS provides expert advice on all types of commercial property in regards to claiming capital allowances:

  1. Holiday Lets.
  2. Hotels, pubs and restaurants.
  3. Care homes.
  4. Doctors and dental surgeries.
  5. Other commercial properties.

Capital allowances provide tax relief to deduct the cost of certain assets from taxable profits. This relief is generated by claims following capital expenditure on commercial property:

  • A purchase of an old or newly built property.
  • Construction of a new property.
  • Building alterations, extensions and refurbishments to a property.
  • To fit out of let properties.

Capital allowances can be claimed for individuals and businesses that are UK tax payers.

Since the second change of the capital allowance act in April 2014, to include a new mandatory pooling agreement for any property bought on or after the commencement date. In order for the purchaser to be able to claim capital allowances, any seller who could have claimed capital allowances must pool (though not necessarily claim) the allowances which can be passed to the buyer. The pooling requirement extends to all previous owners and not just the current seller (where the previous owner had sold the property on or after the commencement date.) This is a critical factor in order to process a capital allowance claim after 2014 it must be adhered to.

Much of the tax relief in a property comes through the embedded features like heating systems, kitchen and toilet fittings, wiring, piping, security systems and sanitaryware. This is why at TRS we have the experience and detailed knowledge to guide you through the capital allowance act to maximise your claim and for you to get your capital allowance tax relief from HMRC. Our team of dedicated commercial property experts will be on hand to assist you to claim back your capital allowance tax relief.

All our commercial property surveyors are qualified RICS (Royal Institute of Chartered Surveyors) professionals.

To provide in all areas of surveying practice and embody the best practice. To give our clients the confidence that they at all times are getting a service of the highest professional standard to valuate their commercial property.

Guide To Claiming Capital Allowances Through TRS

From the first initial consultation to a very in depth site survey from our forensic surveyor, you will be safe in the knowledge that you are getting expert professional advice. From a team of commercial property experts with many years’ service in the commercial property and corporate tax sectors. By submitting a claim on your behalf, here at TRS we pride ourselves by giving our client a service which is of the highest professional and ethical standard and our three benchmarks that we pride ourselves on is professionalism, integrity and transparency. We like to go the extra mile for our clients and all services in regards to corporate tax claims are carried out on a strict confidential basis.