Capital allowances are complicated, so professional advice is both essential and worthwhile
Capital Allowances
Buying a property, undertaking refurbishment or construction work? Our capital allowances service is fast, hassle free, and helps you benefit from significant tax relief

Capital allowances are complicated, so professional advice is both essential and worthwhile
Extensive experience
Benefit from genuine expertise provided by tax-qualified chartered surveyors with extensive experience in all aspects of capital allowances.
Comprehensive documentation
Receive robust and fully supportable claim documents in a format that goes beyond HMRC disclosure requirements.
Full Expensing Capital Allowances
What is full capital expensing?
What is full capital expensing?
- Full expensing – which offers 100% first-year relief to companies on new main rate qualifying plant and machinery investments from 1 April 2023 until 31 March 2026.
- The 50% First-Year Allowance (FYA) for expenditure by companies on new special rate (including long life) assets until 31 March 2026.
Full capital expensing explained
Full capital expensing explained
Example of full capital expensing and 50% first-year allowance
Example of full capital expensing and 50% first-year allowance
Our service is designed to save you tax in a number of areas
Our service is designed to save you tax in a number of areas
- Claims for major new builds, extensions, and refurbishments. Big projects often suffer from a lack of cost information from contractors, meaning valuable allowances are missed. We can produce detailed and effective capital allowances claims, even where no cost information exists.
- Claims for property acquisitions. The price of a property will partly depend on its qualifying assets – however, by advising on elections in contracts and preparing specialist tax valuations, we can often ‘unlock’ the qualifying element from the purchase price.
- Support with conveyancing to make sure entitlement issues are addressed. Thanks to further tightening of tax legislation, capital allowances can be permanently lost if contracts do not include appropriate elections or clauses. We make sure our clients’ capital allowances are safe.
- Capital allowances claims for the purchase and renovation of furnished holiday lets, ensuring our clients shelter taxable rental income.
Land remediation claims for expenditure on cleaning up contaminated land and buildings. - Dealing with HMRC enquiries into capital allowances claims.

Whatever your size or industry, our local teams are ready with practical, personal advice.
Tax planning is a phrase to fill some with organisational dread, but at Azets we plan with efficiency and shine a light on existing and changing ways to be as tax efficient as possible. Contact us to put a plan in place for the now and make it sustainable for the future.
