Capital Allowances

INSPIRED can help you save tax on your property income.

Many Airbnb owners aren’t aware that they could be claiming Capital Allowances in their Airbnb business. Capital Allowances reduce the taxable profits that a business makes and save tax. However, with the Government’s announcement on how they plan to abolish these rules for Airbnb owners, the window to claim these allowances is closing.

Find out how INSPIRED can help you save tax on your property income.

Learn More

Understanding Capital Allowances.

If you own property, whether in a limited Company or personally, and have not claimed any Capital Allowances, there may be an opportunity to undertake a review which could significantly reduce your tax liability.

Capital Allowances are available on capital expenditure incurred on the construction, renovation or refurbishment of a property and also on the acquisition of a property.

All property owners should consider whether Capital Allowances are applicable. Even if the capital expenditure was incurred a number of years ago and there is limited information available, this will not prohibit our experienced specialists undertaking a review to establish the validity of a potential claim.

Our Services.

Establishing an entitlement to claim through a due diligence exercise based on financial and legal documents.
Preparing 'Just & Reasonable' claims on historic capital expenditure in instances where information is limited.
Undertaking reviews of 'Direct Expenditure' incurred by clients. This routinely involves linking in with relevant stakeholders such as quantity surveyors, engineers and architects.
Integrating the tax saving derived from Capital Allowances into capital expenditure forecasting, in turn allowing clients to understand the after-tax cost of assets when preparing capital budgets.
Tax advisory services to help clients utilise Capital Allowances in the most efficient manner.

Our Clients say it best.

"I had owned a number of Airbnb properties for years and hadn’t even heard of Capital Allowances, never mind claimed any of the tax relief available. Within just a couple of weeks, INSPIRED were able to make a Capital Allowances claim for me and secure a tax refund from HMRC . I’d highly recommend INSPIRED to other Airbnb owners as chances are they’d be able to secure similar refunds for them too."

Private client - Mr J

"The team at INSPIRED were able to effectively maximise the Capital Allowances available on both the new build and refurbishment works programmes undertaken at our award winning hotel facilities."

Tiernán O'Neill, Finance Director

“We engaged INSPIRED to provide Capital Allowances advice. The team were able to extract substantial tax savings for us on assets which had been treated previously as non-qualifying. I would highly recommend their Capital Allowances service and in the future, Inspired will be our go-to provider for tax incentives.”

Paul McCann, Director FP McCann

"I bought a city centre block of new build apartments last year, and made the decision to start a holiday lets business. I was aware of Capital Allowances but had assumed that none were available for apartments. INSPIRED’s Capital Allowances specialists talked me through the legislative basis for making a claim, quantified the claim and filed it with HMRC. They managed the whole process end to end. As a result, by business is going to save a substantial amount of tax over the next couple of years, which reduces the post tax cost of my investment."

Private Client - Mr R

"The team at INSPIRED are very easy to work with and are always on hand to assist with any questions or queries. Their efficiency in preparing our Capital Allowances claims on new buildings and existing properties was excellent.”

Olivia McStay, Financial Director

From the word “go”, the team at INSPIRED were keen to understand our industry, business and operations in detail and worked closely with myself, the product development teams and manufacturing teams to gain this understanding. As a result, the detailed knowledge and strong relationships underpinned a significant tax saving for the UK group."

Graham Morton, Corporate Tax Manager

“We sought advice from INSPIRED regarding Capital Allowances. Their team not only identified significant tax savings but also provided invaluable insights that greatly benefited our business. Their team is extremely knowledgeable, and we would highly recommend their service to others.”