Capital allowances for self storage
We're the only capital allowances advisor accredited by the Self Storage Association. From new sites and conversions to container units and existing portfolios, we identify what qualifies and manage self storage capital allowances claims from start to finish.
We identify where tax relief opportunities sit and make sure they're carried through to real outcomes.
Relief secured
Allowances identified and claimed
Transactions and projects advised
With timely input to ensure relief is not missed
Expertise
Years of combined experience
A partner across the self storage sector
Self storage assets, from container units to mezzanines and fit-outs, aren't always straightforward to classify for capital allowances. Too often, they're reviewed like any other property, rather than a self storage site. The difference is whether the review reflects how the sector actually operates. We make sure it does.
Existing site, never reviewed
Many self storage operators have never had a self storage portfolio review, or have only partially claimed across their sites. We assess what's already been claimed, what's been missed, and what can still be recovered.
Facing an HMRC enquiry
HMRC are increasingly challenging how self storage assets, particularly mezzanines and container units, have been claimed. If you're facing an HMRC enquiry on your capital allowances, or a claim has been queried, get in touch. We'll review the position and help you respond with confidence.
What qualifies for capital allowances in self storage?
Self storage sites include a wide range of qualifying assets, from racking, security and access control systems, to heating, lighting and fire protection. These fixtures are treated differently to the building itself and are often only partially identified in capital allowances for storage units and storage facilities.
Not every asset qualifies at the same rate. Items that count as plant, such as mezzanines and certain internal walls, can attract a significantly higher rate of relief than the surrounding structure. It's one of the more contentious areas of the sector, and we make sure every claim reflects the right position from the outset.
Get in touch
What clients & partners 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.”
“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.”
“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. ”
“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.”
“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.”
“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.”
“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.”
“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."
“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.”
FAQs
What to expect, how it works, and what you need to know. If you’re unsure on anything, feel free to contact us.
Self storage fit out works
We reviewed £855,000 of expenditure incurred by a PE-backed client on their first self storage facility in London, covering repairs to the base building and the fit out works to bring the site into operation.
Our review identified £745,000 of qualifying allowances, including £125,000 of repair costs that could be expensed through the P&L rather than capitalised. The result was £186,250 of tax savings for the client over time.
