Hospitality Sector? Are You Claiming Capital Allowances?

In the hospitality sector, businesses invest in various assets and expenditures to create memorable experiences. What many hospitality entrepreneurs may need to learn is that they can offset capital allowances to reduce their tax liabilities and improve cash flow. At Complete Capital Allowance, our team of experts can help you benefit from this valuable tax relief.

1. Hotels and Resorts: Creating Comfortable Stays

Hotels and resorts invest heavily in assets, including luxurious furnishings, state-of-the-art equipment, and inviting amenities. From plush bedding to sophisticated HVAC systems, businesses can claim capital allowances on these investments, ensuring they receive tax relief on their outlay.

2. Restaurants and Cafés: Crafting Culinary Experiences

Restaurants and cafés invest in kitchen equipment, stylish décor, and, of course, dining furniture. With capital allowances, businesses can offset the costs of their culinary investments, from sleek refrigeration units to trendy dining furniture, ultimately enhancing their bottom line.

3. Pubs and Bars: Cheers to Tax Relief

Pubs and bars invest in atmospheric lighting, high-quality bar equipment, and entertainment systems to create memorable social experiences. By claiming capital allowances on these assets, Pubs and Bars can reduce their tax burden and reinvest in food, drink and entertainment for their customers to enjoy!

4. Event Venues and Conference Centres: Hosting Memorable Gatherings

Event venues and conference centres invest in audio-visual equipment, versatile seating arrangements, and impressive staging to host successful events and conferences. Many also offer hotel and dining options, which provide further capital allowance claim opportunities. Capital allowances allow these venues to recoup expenses on these essential assets, ensuring seamless event experiences for attendees.

5. Bed and Breakfast (B&Bs): Welcoming Retreats

B&B establishments invest in cosy bedroom furnishings, charming décor, and inviting common areas to create home-away-from-home experiences for guests. By claiming capital allowances on these investments, B&B owners can maximise tax savings and reinvest in enhancing guest comfort and satisfaction.

6. Holiday Parks and Campsites: Nature-Focused Escapes

Holiday parks and campsites invest in accommodation units, recreational facilities, and infrastructure improvements to provide memorable outdoor experiences. Gardening, landscaping, upgraded plumbing and electrics. With capital allowances, these businesses can offset the costs of their investments and continue to expand and improve their offerings for nature enthusiasts.

7. Gyms and Fitness Centres: Promoting Wellness

Gyms and fitness centres invest in exercise equipment, modern facilities, and welcoming environments to promote health and wellness. By claiming capital allowances on these assets, businesses can reduce tax liabilities and continue to invest in supporting their members’ fitness journeys.

8. Spas and Wellness Centres: Relaxing Retreats

Spas and wellness centres invest in luxurious treatment equipment, serene relaxation areas, and indulgent amenities to provide rejuvenating experiences for guests. Capital allowances enable these establishments to recoup expenses on their wellness investments and continue to pamper and delight their clients.

In conclusion, hospitality, a sector still recovering from a pandemic and cost-of-living crisis, needs every tax break it can get. At Complete Capital Allowance, we are here to guide you through the process and ensure your business gets what it is entitled to from HMRC.