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Property Capital Allowances

Maximise Tax Relief on Your Property

Capital allowances can provide significant tax relief on qualifying expenditure associated with commercial property. We help businesses, property owners, investors and occupiers identify opportunities, maximise available relief and prepare robust, HMRC-compliant claims.

Allowance Benefits

How We Help Businesses Create Value

Capital allowances can provide significant tax relief on expenditure associated with acquiring, developing, refurbishing or fitting out commercial property.

The opportunity isn't limited to property owners. Businesses that occupy leased or rented premises can also benefit where they incur qualifying capital expenditure.

Our specialists combine tax, property and construction expertise to identify qualifying expenditure, establish the appropriate treatment and prepare claims that are commercially focused, properly evidenced and capable of standing up to HMRC scrutiny.

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60+ Years in combined property tax experience
£10m+ Tax benefit delivered to clients
200+ Successful Claims

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Maximise your property’s tax relief

Businesses, Property Owners & Occupiers

Capital allowances aren't just for property investors and owners. Businesses that occupy leased or rented premises can also benefit where they incur qualifying capital expenditure.

We help businesses, property owners, investors and occupiers identify qualifying expenditure and maximise the tax relief available from property acquisition, construction, refurbishment, conversion and fit-out.

  • Commercial property acquisitions and disposals
  • New-build and development projects
  • Leasehold fit-outs and alterations
  • Refurbishment and conversion Plant, machinery and integral features
  • Retrospective reviews of previous expenditure
  • Forward-looking capital allowances planning
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Specialist support for your clients

For Advisors & Accountants

Capital allowances can be a specialist area, particularly where significant property or construction expenditure is involved.

We work alongside accountants, tax advisers, lawyers, surveyors and other professional advisers, providing the specialist analysis and technical support required to identify and substantiate the claim.

  • Partnering on client transactions and projects
  • Detailed asset surveys and claim preparation
  • Retrospective claims for your clients
  • Section 198 election advice
  • Ongoing support with HMRC enquiries and audits
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Why Us

Why Bonham & Brook

Specialist-led advice, tailored to your business.

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Unparalleled expertise

Our team is made up of specialists who are genuinely the best in their field: people who’ve spent years mastering their discipline. That depth means our advice holds up under scrutiny.

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Human-centred approach

We build partnerships that last. We integrate with your team, understand your business, and stay commited through the complex moments. That’s earned us clients who come back, year after year.

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Ethical Foundation

Compliance is at the core of everything we do. It’s the foundation of how we think and advise. With a stellar in-house compliance team, you can be certain that every recommendation we make is defensible.

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Trusted by the best

Leading organisations across industries trust us with their most complex challenges. That reputation is earned through consistent excellence and personable service synonymous with Bonham & Brook.

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Case Study

Capital Allowances in Practice

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Download our Capital Allowances Guide

Get a comprehensive guide to help you identify, prepare, and maximise your Capital Allowances claims. 

Frequently Asked Questions

 Capital allowances provide tax relief on qualifying capital expenditure incurred on assets used in a business. For commercial property, this can include qualifying plant, machinery, integral features and certain expenditure on buildings and structures.

Yes. Businesses occupying leased or rented premises can potentially claim capital allowances on qualifying expenditure they incur, including certain fit-out, refurbishment, plant and machinery expenditure. The precise position depends on the expenditure and the terms of the lease.

Yes. A project can contain expenditure qualifying for both Plant & Machinery Allowances (PMAs) and Structures and Buildings Allowance (SBA).

The two allowances apply to different types of qualifying expenditure, so a detailed review of project costs is important to identify the available relief correctly.

Plant & Machinery Allowances (PMAs) provide tax relief on qualifying expenditure on plant and machinery used in a business. Depending on the circumstances, relief may be available through the Annual Investment Allowance, main pool or special rate pool.

Structures and Buildings Allowance (SBA) provides tax relief on qualifying expenditure incurred in the construction, renovation or conversion of qualifying buildings and structures.

SBA is generally claimed at 3% per year on qualifying expenditure, subject to the relevant rules.

 

A Section 198 election is an agreement between a buyer and seller that determines the amount of qualifying plant and machinery expenditure allocated to the buyer when a commercial property is sold.

Getting the election right as part of the transaction can be important because it can affect the capital allowances available to the purchaser.

 

Potentially. The availability and amount of relief depends on the property, the expenditure involved and the circumstances of the transaction.

The capital allowances position should be considered as part of the acquisition process rather than after the transaction has completed.

 

Potentially. Historic property investments can contain capital allowances opportunities that have not been fully identified or claimed.

We can review previous expenditure and the available records to establish whether further relief may be available.

 

Yes, potentially. Refurbishment, conversion and fitout projects can contain significant qualifying expenditure, including plant, machinery, integral features and expenditure qualifying for SBA.

Yes. New-build and development projects can contain significant qualifying expenditure. Considering capital allowances during the project can help ensure that relevant costs are identified and properly supported.

Yes. We work alongside accountants, tax advisers, lawyers, surveyors and other professional advisers, providing specialist capital allowances expertise while supporting the wider client relationship.

 

We provide support with HMRC enquiries into claims prepared by us, including technical explanations and supporting evidence.

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Ready to Maximise Your Tax Relief?

Whether you're acquiring a property, developing a new building, refurbishing existing premises or fitting out leased space, our team can help identify whether capital allowances are available.

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