Capital Allowances Services for UK Businesses and Limited Companies
ABM Chartered Accountants identifies and claims capital allowances for UK businesses, reducing your corporation tax liability on qualifying capital expenditure. From plant and machinery to structures and buildings, we ensure every available allowance is claimed accurately and in full every year.
Claim Every Capital Allowance Your Business Is Owed
Capital allowances let UK businesses deduct the cost of qualifying assets from taxable profits, reducing corporation tax in the year of purchase or over time. Without a thorough and accurate claim, businesses routinely miss allowances they are fully entitled to, overpaying tax as a result. Getting capital allowances right is one of the most direct ways to reduce your annual tax bill.
ABM Chartered Accountants prepares capital allowances claims for limited companies, sole traders, and partnerships across the UK. Our ICAEW and ACCA qualified team reviews all capital expenditure, identifies every qualifying asset, applies the correct allowance type, and includes the full claim in your corporation tax return or self assessment filing.
Our Full Capital Allowances Service
From AIA claims on new asset purchases to reviews of historic expenditure, we manage every aspect of your capital allowances position, ensuring you claim the maximum relief available under current HMRC rules.
AIA Claims
Claim the annual investment allowance on qualifying plant and machinery to reduce taxable profit.
Writing Down Allowances
Calculate writing down allowances across main and special rate pools for all qualifying assets.
Structures and Buildings
Claim the structures and buildings allowance on qualifying construction and renovation expenditure.
First Year Allowances
Identify qualifying expenditure for first year allowances and full expensing on eligible assets.
Capital Allowances Review
Review historic and current asset expenditure to identify unclaimed capital allowances available.
Disposal and Balancing
Calculate balancing allowances and charges correctly when assets are sold or taken out of use.
Turn Capital Spending Into Immediate Tax Savings
Every pound of qualifying capital expenditure that goes unclaimed is a pound of unnecessary tax. Businesses that invest in assets, equipment, vehicles, or commercial property have real and legitimate opportunities to reduce their tax bill, but only if those assets are correctly identified, categorised, and claimed. ABM Chartered Accountants ensures nothing is left unclaimed in your capital allowances position.
Proactive capital allowances planning also lets you time asset purchases strategically to maximise relief in the right period. ABM Chartered Accountants advises on the most tax-efficient approach to capital expenditure before you commit, so your investment decisions and your tax position always work together rather than against each other.
Capital Allowances Services for UK Businesses Nationwide
ABM Chartered Accountants provides capital allowances services to businesses right across the UK. Whether you are based in London or anywhere in the UK, we review your capital expenditure and prepare your allowances claim accurately and in full.
Capital Allowances Expertise Across Every Sector
We prepare capital allowances claims for businesses in construction, manufacturing, retail, hospitality, healthcare, technology, property, and professional services. Whether your expenditure is on plant, machinery, vehicles, commercial fit-out, or new buildings, we identify and claim every allowance your business is entitled to.
Why ABM Chartered Accountants for Capital Allowances
ICAEW and ACCA Regulated
Qualified experts in UK capital allowances legislation
Full Expenditure Review
Every qualifying asset identified and correctly claimed
Linked to Your CT600
Allowances claimed correctly within your tax return
How We Work
Initial Consultation
Set Up and Onboard
Ongoing Support
We provide regular reviews and proactive advice to keep your finances optimised and HMRC-compliant.
Get in Touch Today
Whether you need help with your tax return, payroll, VAT, or business advisory, our qualified UK accountants are ready to provide clear, practical guidance for your specific needs.
Book a Consultation
Fill in the form below and one of our expert accountants will contact you promptly to discuss your accounting and tax requirements.
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Frequently Asked Questions
Find clear answers to the most common questions about capital allowances and qualifying asset claims.
What assets qualify for capital allowances?
Most plant and machinery used in a business qualifies for capital allowances. This includes equipment, vehicles, computers, machinery, fixtures, and tools. Some integral features within commercial buildings, such as electrical systems and heating installations, also qualify under the special rate pool. ABM Chartered Accountants reviews all asset categories to ensure nothing qualifying is missed.
How much is the annual investment allowance?
The annual investment allowance currently allows businesses to deduct up to £1 million of qualifying plant and machinery expenditure in the year of purchase. This provides immediate 100% tax relief on the full cost, rather than spreading deductions over several years through writing down allowances. ABM Chartered Accountants ensures your AIA claim is fully utilised each period.
Can I claim capital allowances on commercial property?
Yes. Qualifying fixtures and integral features within a commercial property, such as electrical systems, plumbing, heating, and air conditioning, can attract capital allowances. The structures and buildings allowance also provides relief on construction and renovation costs at 3% per year. ABM Chartered Accountants identifies all qualifying elements within property expenditure.
What is full expensing and does it apply to my business?
Full expensing allows companies to deduct 100% of the cost of qualifying new plant and machinery in the year of purchase, with no cap on the amount. It applies to incorporated businesses and was made permanent from April 2023. ABM Chartered Accountants advises on whether your capital expenditure qualifies and includes the claim correctly within your CT600.
What happens to capital allowances when I sell an asset?
When a qualifying asset is sold or disposed of, a disposal value is brought into the relevant pool. If the disposal value exceeds the pool balance, a balancing charge arises, which increases your taxable profit. If the pool balance exceeds the disposal value, a balancing allowance may be available. ABM Chartered Accountants calculates these correctly to avoid errors in your tax return.
Can I claim capital allowances on assets purchased in previous years?
Yes, within certain time limits. If capital allowances have not been claimed or have been under-claimed in previous accounting periods, it may be possible to make a claim retrospectively. ABM Chartered Accountants reviews prior year capital expenditure as part of a capital allowances review, identifying any missed relief and advising on the best approach to recovering it.