Capital Allowances

Make your spend work harder

Capital allowances turn property spend into real tax savings. We identify what qualifies and ensure the full value is captured and realised.

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Our results

We identify where tax relief opportunities sit and make sure they're carried through to real outcomes.

+£283M

Relief secured

Allowances identified and claimed

165+

Transactions and projects advised

With timely input to ensure relief is not missed

30+

Expertise

Years of combined experience

Work with us

A partner where it matters most

Capital allowances are shaped by how assets are analysed, how claims are prepared, and when they’re addressed. Too often, it’s done too late or without enough scrutiny. The difference is whether it’s handled properly, at the right time. We make sure it is.

O1

Buying or selling

Transactions move quickly, and the tax approach is often left until it’s too late. We get involved early to advise on capital allowances, ensuring the position is considered before completion.

O2

Existing property holdings

Capital allowances are not always fully reviewed or understood across existing assets.
We assess the position, identify missed relief, validate prior claims, and set out what can still be realised.

O3

Construction or refurbishment

Significant spend is incurred during projects, but capital allowances aren’t always captured in full. We work alongside the process to identify qualifying costs and align with your wider tax position.

How do capital
allowances work?

Capital allowances let you claim tax relief on property, such as fixtures, fittings, services and building fabric. These elements are all part of the building, but are treated very differently for tax purposes.

There is often relief available, but it’s not always identified or fully claimed. In many cases, the issue is a lack of understanding on what type of relief is available, what qualifies, how it should be assessed, and how the claim should be structured.

We review all of your property expenditure in detail to establish what qualifies and what it’s worth, then manage the claim from start to finish. Every stage is handled with care, so the outcome stands up under scrutiny and aligns with your wider tax position.

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Types of capital allowances

The value in capital allowances comes from understanding what relief can be available for your property or project. 

Plant & machinery allowances

Relief on fixtures and services within a property, including systems such as heating, lighting and electrical installations.

First year allowances

FYAs greatly accelerate plant and machinery claims, allowing you to claim full tax relief upfront, rather than over time. Where available, this can greatly improve cash flow in the year cost is incurred.

Full expensing

An accelerated FYA relief that allows companies to claim 100% of new and unused plant and machinery spend in the year it’s incurred, rather than just 14% over time.

Annual investment allowance 

AIA allows businesses to claim 100% tax relief upfront on qualifying expenditure, up to a set annual limit. Can be claimed on new as well as used assets, unlike FYA.

Contribution allowances

When one party pays towards works carried out by another, often between landlords and tenants, significant contribution allowances and tax relief can be available. 

Research & development allowances

Relief on capital expenditure incurred for qualifying R&D facilities, including specialist laboratories, services, and equipment.

Structures & buildings allowance

SBA provides tax relief on the cost of constructing or acquiring commercial buildings and structures. Although claimed at only 3% per year, SBA costs are often the highest amounts spent on any given property or project.

Our arroach

We don’t just identify the opportunity. We ensure it’s handled correctly from the outset and seen through to a realised outcome.

Advisory-first

Every instruction starts with a simple question: is there genuine value? We focus on giving commercial advice upfront, before any detailed work begins.

Director-led delivery

All work is led by senior, experienced professionals. You deal directly with people who understand the details, risks, and how to get the right results.

Broad client base

We work with a range of clients, from owner-managed businesses to large institutional investors. We approach every engagement with clear advice and a commitment to realising value.

Relief identified and delivered

From initial review through to HMRC submission and enquiry support, our focus is on outcomes that hold up to scrutiny.

Transactions

We support transactions to ensure the approach is addressed before it’s too late. That means structuring correctly and making sure both sides are clear on the position.

What clients say

“As a family run, self storage business, Tallex recently got us a £47,000 rebate for decontamination works on our latest site. Honest & straight-talking experts who made the process effortless, a real no-brainer for anyone with commercial property.”
James Bonny
Director, Bonnys Self Storage
“Tallex took the time to explain capital allowances and ensured it was a straightforward and simple process to go through. Their proactive approach and attention to detail ensured we achieved significant allowances against our tax liabilities. We highly recommend their services.”
Mark Rees
Director, RM Hotel Management
“I would definitely recommend Tallex, they make our annual claim process extremely simple, generate good results, communicate clearly, understand our business and we genuinely feel we're getting good value for money at all times. ”
Simon Hughes
Finance Director, Formula One Autocentres
“Tallex offers a superb turnkey service, which was invaluable when we purchased our new technology centre. They are extremely knowledgeable, prompt, and clear in all communications, always happy to answer any questions we had. I wouldn’t hesitate to recommend them.”
James West
Co-Founder, Crux Product Design
“Our capital allowances position was greatly improved, and we received back corporation tax we had overpaid in previous years. A great outcome, I would recommend Tallex’s service.”
Oliver Janes
Managing Director, Briarwood
“Tallex are genuine specialists and an authority on capital allowances. Clear communication, practical advice and knowing how to work with us means they are a valuable partner to our practice, and we trust them in dealing with some of our biggest clients.”
Luke Summerford
Heat of Tax, Watson Associates
“The claim process was completed with the utmost speed and efficiency by Tallex, without any inconvenience to us. They have a meticulous and professional approach, and we had a very favourable result.”
Howard Parsons
Managing Director, Hereford Storage
“Sean and the Tallex team assisted us on the capital allowances for an office acquisition we completed on recently. They provided great service throughout including the product and result. We look forward to working with Sean and the team on more projects in the future.
Brodie Summerfield
Director, Ashley Moore
“Our clients have found working with Tallex straightforward, they are supportive throughout the process and their reports are comprehensive, well set out and easy to follow. I would be very content to refer Tallex to other clients.”
Edward Richards
Partner, Thorne & Co
get in touch

There’s often more to claim than you think. Get in touch for a no-cost consultation on your capital allowances.