Capital allowances represent a generous tax relief that could give retail and hospitality businesses the power to maximise tax savings and minimise liabilities for expenditure incurred buying, building, refurbishing or fitting out commercial property.

With more than 20 years’ capital allowances experience, Gateley Capitus are perfectly positioned to help our retail and hospitality clients to maximise tax relief, drawing on our property surveying skills, our ability to interpret legal precedents and our industry-leading knowledge of accounting and tax.

Our clients in this sector include organisations and individuals buying, managing, developing or occupying commercial property. 

Capital allowance services throughout the property investment lifecycle

Pre-purchase/ pre-construction

  • Pre-contract advice on property acquisitions to ensure capital allowances are identified and dealt with effectively.
  • Assessment of new construction projects to understand and maximise the availability of plant and machinery allowances and other tax reliefs.

Refurbishments and fit-outs 

  • Assessment of refurbishments and fitting-out works to understand and maximise the availability of plant and machinery allowances and other tax reliefs.

Post-purchase

  • Historical reviews of property portfolios to capture unclaimed capital allowances.

Disposal

  • Providing advice to our retail and hospitality clients and their advisors on the disposal of property to ensure current and future tax relief is not inadvertently forfeited.

Franchisees

Many franchisees do not consider capital allowances when setting up their business for the simple reason that they believe their accountant will have it all in hand. This is not usually the case and can result in the loss of thousands of pounds of tax relief. Where underclaiming has occurred in the past, fortunately there are no restrictions on how far back a claimant can go. Meaning that a retrospective review of expenditure can be conducted that might result in the repayment of overpaid tax and reduced tax bills in the future.

If you are a lessee incurring the cost of fitting out a property, then this applies to you.

Experience

  • Major restaurant group – Advising a major restaurant group on the fit-out of multiple sites, achieving qualifying plant and machinery percentages of up to 84%.
  • Multiple pubs – Preparing and agreeing claims on multiple pub fit-outs, achieving an average qualifying plant and machinery percentage of 82%.
  • Entertainment venue – Advising a major new £30m entertainment venue on the availability of capital allowances on new concept seating and staging systems as part of a national and international rollout.
  • London tourist attraction – Advising an Asian investor on the acquisition of the home of a top London tourist attraction in a deal worth over £300m.
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