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Capital Allowances Specialist UK

Capital allowances are determined when capital is committed, not at year-end. Classification and property terms define entitlement. Once periods close, options narrow. We structure the position before it enters the tax computation and before HMRC review.
  • Property and asset-led technical review
  • Claims structured within tax computations
  • Position supported through HMRC enquiry where required
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Legend Fusions is the UK advisory brand evolved from Legend Financial & Tax Advisers, unifying tax, compliance, and advisory services under one international group.
Serving commercial property and asset-heavy businesses in London, Bolton, Milton Keynes and throughout the UK.

When Capital Allowances Require Review

Capital allowances require review at acquisition, disposal and major capital change. Fit-outs, refurbishment, and increased capital spend directly affect entitlement.

Review is necessary where

  • Commercial property is being bought or sold
  • Significant fit-out or refurbishment costs arise
  • Capital investment has increased in recent periods
  • Acquisition proceeded without reviewing allowances
If allowances are not addressed within the transaction, entitlement narrows and relief transfers with the asset.
Request a Capital Allowances Review
years experience
+
13+ years advising on capital allowances across commercial property, capital investment, and HMRC review, led by a dedicated property and asset tax specialist.

Areas Where Qualifying Expenditure Is Missed

Allowances are missed within:

✓ Embedded fixtures within commercial buildings
✓ Integral features forming part of core building systems
✓ Plant and machinery acquired through property purchase
✓ Renovation costs qualifying under the Structures and Buildings Allowance

Classification errors restrict relief. Review confirms what qualifies and prepares the claim to withstand HMRC review. 

Capital Allowances Within Commercial Property Transactions

Property transactions determine capital allowances entitlement. Terms agreed at acquisition or disposal decide what transfers and what remains.

  • Confirm prior allowances claimed
  • Review elections and fixture apportionment
  • Identify qualifying expenditure embedded in the property
  • Protect entitlement within the sale agreement
  • Structure transferred allowances correctly

If sale terms ignore allowances, relief is lost permanently. We address allowances within the transaction, not after completion.

How We Work

We run a structured review, so claims are accurate and withstand HMRC review.

Information review

We review asset details, property information, and relevant cost records.

Assessment and calculation

We identify qualifying expenditure and calculate allowances within the applicable tax framework.

Integration and submission

We integrate allowances into tax computations and submit the position to HMRC.

Scope of Service

This service covers rental income disclosure and HMRC compliance under the Let Property Campaign framework, including review, calculation, submission, and process management.
It does not include property management, legal advice, or regulated financial services.

What Our Clients Say

“The capital allowances review was thorough and clearly explained. Qualifying expenditure was identified accurately, and the claim was prepared in line with HMRC requirements.”

Commercial Property Owner, UK

“The process was handled professionally from start to finish. The figures were clear, the documentation was well prepared, and HMRC queries were managed without disruption.”

Finance Director, UK

“Clear advice, no overstatements, and strong technical knowledge. The allowances were integrated correctly into our tax computations, giving us confidence in the final submission.”

Company Director, UK

View all client reviews.

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Who We Support and the Situations We Handle

Commercial Property Owners

  • Property acquisitions where prior allowances require review
  • Sale agreements where entitlement must be secured
  • Fit-outs and refurbishments affecting relief
  • Historic expenditure left unassessed

Developers and Investors

  • Projects with embedded fixtures and integral features
  • Portfolio transactions affecting transferred allowances
  • Timing issues across accounting periods
  • Allowances overlooked during acquisition

Asset-Intensive Businesses

  • Machinery and plant acquired through property transactions
  • Growth-driven capital investment across periods
  • Documentation gaps affecting claim support
  • Positions requiring clarification under HMRC enquiry

Finance Directors and CFOs

  • Capital expenditure impacting taxable profit
  • Asset misclassification restricting relief
  • Integration of allowances into existing tax computations
  • Exposure arising during HMRC review

Where We Work

We work with businesses and property owners across the UK on capital allowances reviews and claims through secure online consultations. Where required, in-person meetings are available by appointment at our London office.

Talk to a Capital Allowances Specialist

Additional Tax Resources

Self Assessment deadlines explained

Self Assessment deadlines explained

Documents needed for a tax return

Documents needed for a tax return

Penalties for late tax filing

Penalties for late tax filing

Frequently asked questions

When do capital allowances become commercially significant?
Capital allowances become commercially significant when capital expenditure changes taxable profit or when transactions alter entitlement. At that stage, classification and timing determine the relief position.
The Annual Investment Allowance allows full deduction of qualifying plant and machinery within statutory limits, often shaping the timing of capital spend.
Plant and machinery cover equipment, systems, and installations used in business operations, including assets embedded within commercial property.
Yes. Office fit-outs often include qualifying expenditure within fixtures and integral features, which may be eligible for capital allowances if identified and classified correctly.
Integral features are key building systems such as electrical installations, lighting, heating, ventilation, air conditioning, lifts, and hot water systems, which may qualify for capital allowances.
The Structures and Buildings Allowance provides relief on qualifying construction or renovation costs for non-residential buildings, spread over a fixed period, subject to statutory conditions.
In many cases, capital allowances can be claimed retrospectively on qualifying expenditure from previous accounting periods, provided the assets are still owned and the claim has not already been made.
Yes. Property transactions can affect capital allowances entitlement. Allowances require review to ensure entitlement is secured and protected through purchase and sale agreements.
Common documents include asset lists, invoices, property reports, accounts, tax computations, and purchase or sale agreements relating to the property or assets.
HMRC reviews classification, apportionment, prior elections, and supporting documentation. Claims lacking structured analysis or transactional clarity may be challenged. Positions must withstand HMRC review.

Review Your Capital Allowances Position

A capital allowances specialist reviews assets and expenditure, confirms entitlement, and structures the position before HMRC review.

Request a Capital Allowances Review