Capital Allowances Services for UK Businesses
Turn qualifying capital spend into a properly classified, evidenced claim before deadlines and disposals narrow your options.
Capital allowances can reduce taxable profit when a business buys qualifying equipment, machinery, vehicles or embedded building fixtures. The difficult part is classification, evidence and timing.
Pearl Lemon Accountants provides capital allowances services for UK companies, partnerships, property investors and commercial occupiers that need a clear claim position. We review fixed-asset registers, invoices, contracts and property records, then map qualifying expenditure to the correct allowance and pool. Your claim is reconciled to the accounts and supported for the relevant Corporation Tax or Self Assessment return. We provide accounting and tax support, not legal advice, valuation services reserved to another profession or a promise that every cost will qualify.
£1m
Annual Allowance
100%
Main-Rate Deduction
50%
Special-Rate Allowance
6
Asset Checks Completed
Find the Allowance That Fits the Asset and Timing
We offer a variety of services to make the process of claiming capital allowances as simple and beneficial as possible. Our experts provide personalised advice, detailed assessments, and thorough claims preparation to ensure your business gets the most out of its eligible expenditures.
Classify Plant and Machinery Correctly
We review invoices and fixed-asset records for equipment, machinery, IT, furniture, vans and other business assets. Each item is assessed against HMRC rules, business use and exclusion tests. The schedule shows cost, category, acquisition date, allowance route and evidence reference.
Use the Annual Investment Allowance With Control
The Annual Investment Allowance can provide a full deduction for qualifying plant and machinery within the available £1 million limit. We check accounting periods, group or related-business considerations and allocation choices. The aim is to use the allowance where it produces the clearest lawful result.
Property and Building Improvement Claims
If your business has made improvements to the building or property you operate from, you may be entitled to claim capital allowances on certain embedded fixtures and systems. These could include heating, lighting, air-conditioning systems, and more. We assist businesses in identifying these qualifying expenditures to ensure all relevant assets are accounted for in your claims.
- What we do: Identify building improvements and systems that qualify for capital allowances.
- Benefit to you: Maximise your claims by including all qualifying assets related to your property.
- Expertise: We understand the complexity of property-related claims and ensure no opportunity is missed for property owners and tenants alike.
Research and Development (R&D) Tax Relief Integration
For businesses that engage in research and development, there are substantial opportunities to integrate their R&D claims with capital allowance claims. We specialise in ensuring that capital investments in R&D are accounted for correctly, allowing you to benefit from both R&D tax credits and capital allowance claims simultaneously.
- What we do: Integrate R&D tax relief with capital allowance claims to maximise your overall tax benefits.
- Benefit to you: You can access both R&D credits and capital allowances, maximising the relief available to your business.
- Expertise: Our team ensures that all R&D-related capital expenditure is appropriately accounted for, enabling you to claim the highest available relief.
Specialist Claims for the Hospitality Industry
The hospitality industry has unique capital expenditure requirements, such as investments in kitchen equipment, furniture, and building improvements. We assist hotels, restaurants, and other businesses in this sector by identifying the qualifying assets eligible for capital allowances, ensuring that all tax relief opportunities are maximised.
- What we do: Focus on specific assets within the hospitality industry, including kitchen equipment, furniture, and other capital items.
- Benefit to you: Maximise tax relief on the specific assets commonly used in the hospitality sector.
- Expertise: We understand the challenges businesses in the hospitality sector face and provide customized guidance on the types of capital allowances available.
Detailed Review of Previous Capital Allowance Claims
If your business has already made capital allowance claims in previous years, we offer a detailed review service to ensure that those claims were maximised. If we find any missed opportunities, we can help amend your claims and submit them to HMRC, potentially securing a tax refund.
- What we do: Review past capital allowance claims to identify potential missed opportunities.
- Benefit to you: Ensure previous claims were as effective as possible and possibly uncover missed tax relief opportunities.
- Expertise: We are skilled at identifying overlooked or misapplied claims that could lead to valuable refunds.
Claims for SMEs (Small and Medium-Sized Enterprises)
If your business falls under the category of a small or medium-sized enterprise (SME), you may qualify for additional tax benefits. Our services are designed to meet the specific needs of SMEs, ensuring that you are making the most of the capital allowance system to reduce your tax burden.
- What we do: Offer specialised advice and claim services customized for SMEs.
- Benefit to you: Reduced tax liabilities for SMEs by ensuring all qualifying capital expenditures are claimed.
- Expertise: Our team is knowledgeable about the specific needs of smaller businesses, offering clear and actionable advice.
Capital Allowance Reviews Built Around Evidence
Clear asset schedules, documented evidence and defined review points help finance teams understand the treatment before filing.
The draft asset schedule separated equipment, fixtures and building costs in a way our finance team could review. Every line linked back to an invoice or property record. Any tax saving quoted in the final testimonial must be checked against the filed computation.
The proposed review gave us a clearer list of documents to collect before the tax return deadline. It also identified where a surveyor or solicitor would need to confirm the position. This draft statement must be approved against the engagement record before publication.
Roedd y rhestr asedau yn glir, ac roedd pob hawliad yn cysylltu â thystiolaeth benodol. Helpodd hynny ein tîm cyllid i adolygu’r driniaeth cyn ffeilio. Mae’r dysteb ddrafft hon angen cadarnhad gan y cleient.
Capital Allowance Reviews Built Around Evidence
£680k Asset Register Reviewed Across 4 Sites
£1.2m Refurbishment Split Into Claim Categories
Commercial-property fixtures case
9 Years of Pool Movements Reconciled
Historic records review
A Clear Route From Review to Filing
You see the scope, decisions, evidence and next action at every stage.
Collect
We obtain the ledger, invoices, contracts, asset register, tax computations and property records.
Classify
Each cost is tested for ownership, use, date, condition and allowance category.
Reconcile
The claim schedule is tied to the accounts, pools and prior returns.
Review
Technical points, exclusions and professional referrals are agreed before filing.
File
The approved figures and supporting schedule feed the relevant tax return.
Accounting Work Connected to Commercial Decisions
We connect technical treatment to cash, reporting, deadlines and the choices your leadership team must make.
Evidence on Every Line
Claim schedules connect expenditure to an invoice, ledger code, date and treatment.
Current HMRC Rules
AIA, full expensing, first-year and writing-down routes are checked against current guidance.
Property and Trading Assets
The review covers both stand-alone equipment and qualifying fixtures within commercial premises.
Disposal Follow-Through
Balancing adjustments and proceeds are considered rather than treating the purchase as the final event.
Accounts Reconciliation
Tax schedules are tied to the fixed-asset register and financial statements.
UK-Wide Coverage
Support is available across London, Manchester, Birmingham, Leeds, Glasgow and Cardiff.
Current UK Rules and Market Signals
Use these figures as decision context, with the publication date shown in the cited source.
| Indicator | Current Figure | Commercial Relevance |
|---|---|---|
| Annual Investment Allowance | £1 million | Full deduction may apply to qualifying spend within the limit. |
| Full expensing | 100% | For qualifying new and unused main-rate plant and machinery bought by companies. |
| Special-rate first-year allowance | 50% | For qualifying new and unused special-rate plant and machinery bought by companies. |
| New first-year allowance | 40% | Current HMRC guidance provides a 40% route for qualifying plant or machinery. |
| Property allowance | £1,000 | Separate rule relevant to individuals with property income, not a capital allowance. |
Questions to Settle Before You Appoint a Specialist
Plant, machinery, equipment, business vehicles and certain fixtures may qualify, subject to ownership, use and specific exclusions.
Eligibility and allocation depend on the business, accounting period and related-company rules, so the limit must be checked before filing.
A company may claim 100% on qualifying new and unused main-rate plant and machinery when the statutory conditions are met.
Some fixtures may qualify, but purchase documents, prior claims, apportionment and elections can materially affect the result.
Yes, but the filing route and available correction depend on the period, entity, asset history and evidence.
Cars are generally excluded from AIA and full expensing, although other capital allowance treatment may apply.
Yes, disposal proceeds can create pool adjustments or balancing charges, so disposals must be recorded.
Provide invoices, contracts, fixed-asset registers, ledgers, tax computations, property documents and disposal records.
Yes, we can provide the reviewed schedule and technical notes for inclusion in the agreed filing process.
No, the result depends on qualifying expenditure, tax position, evidence and the allowance route permitted by law.
Put Every Qualifying Asset Through a Proper Review
Bring the fixed-asset register, invoices and prior computations into one evidence-led capital allowances review. We will define the scope, records and filing route before work begins.
“Mae manylion yn cyfrif.” In Welsh: details matter.
