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capital allowances tax relief and R&D tax credits!

Experts in capital allowances & property tax relief

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Why our clients

believe in us

Your Capital Partners

At Wandsworth, we specialize in capital allowance claims, helping clients unlock hidden value in property. Our expert team ensures qualifying expenditure is identified and maximized, using deep knowledge of tax efficiency and property structuring. We take a strategic approach to every claim, ensuring investors gain the full financial benefit with ease.

Taxation Knowledge

At Wandsworth, our Chartered Tax Advisors specialize in maximizing unclaimed capital allowances and structuring property portfolios efficiently. They assess your tax position, identify potential refunds, and explore Group or Sideways Relief. Beyond that, we ensure your allowances enhance both your current and future tax strategy for long-term financial growth.

Capital Allowance Expertise

At Wandsworth, our Chartered Accountants apply meticulous due diligence to capital allowance claims, analyzing Accounts, Tax Returns, Repairs & Renewals, and Fixtures & Fittings to ensure accuracy in HMRC submissions. We also provide a full range of accountancy services to support your business growth. Discover how Wandsworth can assist you today.

IMPORTANT!!

HMRC abolishes the Furnished Holiday Let (FHL) Tax Regime

The tax rules for Furnished Holiday Let (FHL) businesses is set to undergo a major shift, with HMRC recently confirming the abolition of the FHL tax regime. Effective April 2025, this change will bring about new rules for property businesses

Here’s a breakdown of what this means and why you should act now.

HMRC has clarified how the changes will affect FHL businesses:

  • No More FHL-Specific Capital Allowances: Businesses with FHL properties will lose access to the more advantageous capital allowances treatments.
  • Introduction of Replacement of Domestic Items Relief: Instead, FHLs will follow the standard property business rules, including relief for replacing domestic items like furnishings.
  • Existing Capital Allowance Pools Protected: If an FHL business already has a pool of qualifying capital expenditure, it can continue claiming writing-down allowances on that existing pool.
  • Future Expenditures Under Property Business Rules: Any new spending incurred after April 2025 will need to adhere to the property business tax framework.

The upcoming changes may feel overwhelming, but there’s still time to act. Our team of experts can guide you through assessing your capital allowances and planning strategically to make the most of the current FHL regime before it ends.

Why our clients

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What is

capital allowance?

Capital Allowances Save Money

Capital allowances are a tax relief that can be claimed for property improvement or development. When you buy or improve a commercial property, HMRC allows you to use some of the money you have invested to set against your tax bill.

Plant and machinery and integral features are two of the main reliefs that make up capital allowances. Plant and machinery is equipment or apparatus used for running your business and can include fire doors, lighting and data points.

Integral features are the necessary fixtures for your building which can include heating installations and air conditioning.

They are the only means of providing tax relief on capital expenditure incurred by tax payers on commercial property projects Any expenditure on commercial property, be it a refurbishment, fit out, a purchase or a new build project, can give rise to an opportunity to claim allowances.

Capital Allowances can be worth as much as 25% of a projects value as a cash benefit.

Below are some example savings you can make with capital allowances:

Plant & Machinery: 18% of the total costs. So if your Fire Alarm system costs £2,000, the allowances for the first year would be £360.

Integral Features: 6% of your total costs. So if your electrical rewiring costs £5,000, the allowances for the first year would be £300.

Who Can & Can’t Claim?

We’ve broken down below for you some guidance on who can and can’t claim capital allowances.

Who Can Claim: Commercial Property Owners or Long Lease Holders or those paying UK Corporation or Personal Tax, but to do so the property must be part of a qualifying activity, such as trade and professions An overseas property business or furnished holiday let in the UK or European Economic Area would also be viable for a claim.

Claims Can’t Be Made By: Pension Fund Property Owners, Charitable organisations who own property, National & Local Government-owned properties, non-UK tax payers or companies trading property as stock.

THIS is

OUR PROCESS

STAGE 1

Initial Chat and Review

Once you fill out our contact form, an expert will contact you to discuss your situation, assess your potential claim, and outline the required information. Our team will then conduct a detailed review, analyzing your property details, accounting records, and public data to ensure every qualifying expense is identified and maximized.

Illustrate and Engage

Once we identify a potential claim, our specialists will create a tailored illustration outlining the estimated value, tax impact, and next steps. If you're satisfied, we’ll send engagement documents for signing. A dedicated team member will then guide you through the process, organizing your case and requesting any additional information needed.

STAGE 2

Property Survey and Review

Our Property Capital Allowance surveyor will contact you to arrange a survey of the property or gather key information for the surveying part of the process. Once completed, we will issue a Survey Report for you to review, provide feedback and discuss.

Technical Analysis

Our Capital Allowance team will analyze valuations from the surveying process, applying relevant legislation to ensure only qualifying items are included. Any non-qualifying expenses will be identified and excluded to maximize the accuracy of your claim.

Claim Summary and Tax

Once your claim is assessed, our Capital Allowance team will allocate qualifying assets to the most tax-efficient allowance pools. We apply strategies such as Annual Investment Allowance, Super Deduction, and Structures & Buildings Allowance to maximize relief and minimize tax liabilities.

We will then produce your claim summary and determine the best approach for tax.

STAGE 3

Claim Submission

We will amend your tax return and resubmit to HMRC, this process is completed with our Chartered Accountants and a final report will be prepared and issued to you.

That's Not All...

Alongside your Capital Allowance claim our relationship doesn’t need to end there. We can analyse your current tax structure and review the most efficient way for you to proceed with your property portfolio offering you a wide range of Accountancy and Legal advice.

Want to find out more? Click here to contact us so we can assess your situation and how we can assist you.

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FAQS

Frequently asked questions

Capital allowances are a specialist and not well-known area of taxation, however, they have been established in law since 1878.

WE are your capital allowance tax relief partners

Whether you are property owners, investors or occupiers, you might have unclaimed tax on your property!

UK’s top capital allowance tax relief company

10+

years of experience

Our experienced team is ready to help you 24/7.