Turn project spend into valuable tax relief
Project spend adds up quickly, but the tax approach isn’t always addressed at the same pace. We review the details, identify what qualifies, and make sure available relief is realised.
A partner where it matters most
Relief on projects builds through design, procurement, and delivery. When it’s only considered after completion, value is often missed. The difference is capturing it as the project evolves. We make sure it is.
Undertaking a construction project
Construction projects move quickly and capital allowances decisions are often left too late. We gather information as the project progresses, identifying what is needed to optimise your claim before completion.
Refurbishing or repurposing a property
Refurbishment creates value, but capital allowances aren’t always captured in full. We get involved early, identify qualifying spend and make sure the approach reflects the work done.
Aligning claims with tax strategy
Claims shouldn’t sit in isolation from your wider tax position and exit plans. We align capital allowances with your overall strategy, so the timing, treatment and outcome all work together.
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.
Get in touch
Advisory support
Before any work begins, we assess whether it is worth pursuing, so time and cost are always focused where there is genuine value.
Early engagement
Before work begins
We work alongside your team early on, so the right information is captured from day one and the capital allowances approach is considered and set up properly.
Project monitoring
During the build
Projects evolve, and so do the numbers. We stay involved as costs develop, making sure the capital allowances approach stays aligned as the project moves forward.
Claim preparation and submission
On completion
We carry out a survey, a full review of the spend, prepare the capital allowances claim, and ensure it is robust and ready to stand up to HMRC scrutiny.
Hotel construction project
Our hotel operator client, with a portfolio of hotels in Kent & Surrey, acquired land in Ashford, Kent and built this new Hampton by Hilton hotel for £11.8m.
Tallex provided our advisory services on the project, surveying the property, gathering the client’s accounts, invoices and builder’s breakdowns to analysis and provide a detailed capital allowances report.
Our service and report will provide the client tax savings of £1.375m over time.
