Manufacturing or Engineering? Are You Claiming Capital Allowances?

At Complete Capital Allowance, we are the experts in maximising tax relief claims for Manufacturing and Engineering businesses. Because of the unique investments these businesses make, many capital allowance claims are often missed.

Qualifying Assets

Typical qualifying assets can include production equipment such as new production lines, upgraded machinery, robotics, and/or automated systems, and infrastructure improvements such as electrical installations, water treatment facilities, and waste management systems.

Environmental projects such as LED lighting, high-efficiency HVAC systems and renewable energy installations such as solar panels or wind turbines all qualify for capital allowances.

General qualifying assets include the construction and renovation of factories and commercial buildings, as well as the electrical systems, plumbing, heating and cooling, fitted kitchens, bathrooms, and offices.

The Benefits

First and foremost, there are significant tax savings in the form of tax relief, which can be achieved by claiming all available capital allowances. This reduces your taxable income.

Cash flow improvement through immediate tax relief through mechanisms like the Annual Investment Allowance (AIA), which allows up to £1 million of expenditure to be deducted in the year of purchase.

The expertise of Complete Capital Allowance ensures that no qualifying expenditure is missed.

How the Process Works

1. Consultation: Initial meeting to discuss the client’s assets and potential for claiming capital allowances.

2. Validation: Review of the client’s assets and expenditures to determine eligibility. We only move forward if we are confident in your claim.

3. Survey: Detailed survey to document all qualifying assets.

4. Report Preparation: Compilation of a comprehensive report detailing the claim, item by item and the amount we are claiming for.

5. Submission: Filing the claim with HMRC and handling any follow-up queries. At Complete Capital Allowance, we do all the heavy lifting.

6. Tax Relief: We have been 100% successful with our claims to date.

Contact the team at Complete Capital Allowance and start your claim today.