Capital Allowances​

Capital allowances are a type of tax relief that allow businesses to offset the cost of qualifying assets, such as equipment, machinery, or vehicles against their taxable profits. By claiming these allowances, My Tax Broker can help reduce your tax bill or secure a refund from HMRC for any overpaid taxes.

Who is eligible

As specialist tax brokers, we help businesses unlock valuable savings and refunds by identifying opportunities to claim reliefs such as capital allowances.

Capital allowances let businesses claim tax relief on the cost of assets like equipment, machinery, or property improvements, effectively reducing their taxable profits.

By maximising these claims, we ensure our clients lower their tax liabilities and, where applicable, secure refunds from HMRC for overpaid tax.

my tax broker capital allowances

Commercial property

You may be able to claim tax relief of up to 40% on the cost of a property, with even higher relief available for renovations, extensions, or refurbishments. For purchases or improvements made within the past two years, the full relief could potentially be claimed straight away.

capital allowences

How long does it take?

Capital allowances refunds are usually processed within 4–6 weeks, though more complex claims may take longer depending on the assets and documentation.
data centre capital allowences

FAQ

Capital allowances are a type of tax relief that let businesses offset the cost of qualifying assets such as equipment, machinery, vehicles, or property improvements, against their taxable profits. This helps reduce your overall tax bill.

Any business that has invested in qualifying assets can usually claim capital allowances, whether you’re a sole trader, partnership, or limited company.

Common qualifying assets include:

  • Plant and machinery

  • Office equipment

  • Commercial vehicles

  • Property improvements (such as air conditioning, lighting, or heating systems)

By reducing your taxable profits, capital allowances lower the amount of tax you need to pay. In some cases, they may even generate a refund from HMRC if you’ve overpaid tax in previous years.

Yes. It’s often possible to review past expenditure and claim capital allowances retrospectively, meaning you could be entitled to a tax refund for earlier years.

The rules around capital allowances can be complex, and many businesses miss out on valuable claims. As specialist tax brokers, we review your business expenses in detail, identify all qualifying assets, and maximise your claim to ensure you receive the highest possible tax savings or refunds.

Once a claim is submitted, HMRC usually processes refunds within 4–8 weeks, though this can vary depending on the complexity of the case.

Simply contact us for a free initial review. We’ll assess your eligibility, identify potential claims, and guide you through the process of securing savings or refunds.

Claim Your Capital Allowance

Contact us today, and we’ll check if you qualify for capital allowances.

Contact us
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