Capital Allowances

Capital Allowances

If your business has incurred expenditure on plant & machinery or buildings then you may be eligible to make a capital allowance claim.  By making a capital allowance claim you will reduce your tax liability for current/ future periods and possibly generate a tax repayment for previous periods. 

Whilst there is no time limit on claiming capital allowances we would always recommend that you claim promptly, and in some instances take advice in advance of incurring the expenditure, in order to maximise your claim.  Failure to do so could lead to significantly deferred tax relief or, potentially, permanently lost tax savings.

Capital allowances are the HMRC prescribed method of claiming tax relief on your capital expenditure.  Whilst the rules can be complex and are often industry specific, we possess the knowledge and experience required in order to optimise claims on behalf of our clients. 

Over the years we have helped many clients maximise their capital allowance claims, whether that be in the course of buying plant & machinery or acquiring, constructing, fitting out or refurbishing commercial property.  We have also helped many others where there was a failure by their advisors to identify the opportunity or where prior claims failed to capture all of the value.

Case studies:

  • We identified capital allowances of c.40%, totalling c. £3.1m on two care homes which cost our client c. £7.7m.  This will produce c. £550k of tax savings over the life of the claim.  Their previous tax adviser had failed to identify this opportunity!
  • You can read more here on how me helped another client, this time a Drinks Manufacturer.

Click here to download our Capital Allowances brochure for more detail on how capital allowances work and what tax savings you could expect to generate from your capital expenditure.



Meet our Capital Allowances Specialists



Barry  Laurie

Barry Laurie
Partner
b.laurie@frenchduncan.co.uk
0131 225 6366

Barry  Laurie

Barry Laurie

Partner

BSc CA

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0131 225 6366

b.laurie@frenchduncan.co.uk


Specialisms include...

Throughout his extensive career, Barry has worked for HMRC, Arthur Andersen, Coopers and Lybrand and McCabes. He has been a Tax Partner with French Duncan since its merger with McCabes in 2008.

Barry has a wealth of experience in all aspects of tax matters, from corporate to personal and has a particular specialism in maximising capital allowances for clients. Whilst Barry can advise any business on its tax matters, he has particular expertise in the hospitality and property sectors.

He can also advise on tax incentives for investment.

Barry prides himself on taking the initiative to understand his clients’ needs to deliver results.

He enjoys building strong relationships with his clients and continually seeks opportunities which he believes will be to their benefit.

Robert Barrie

Robert Barrie
Corporate Tax Director
r.barrie@frenchduncan.co.uk
0141 221 2984

Robert Barrie

Robert Barrie

Corporate Tax Director

BAcc(Hons) CA

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0141 221 2984

r.barrie@frenchduncan.co.uk


Specialisms include...

Robert started his career at a top 15 accountancy firm, working in both personal and corporate tax, before qualifying as a chartered accountant in 2008.

Robert believes in proactive client engagement and delivering both commercial and tax efficient planning solutions.

In 2012 Robert joined a top 10 accountancy firm, specialising in the provision of business tax advice to SME’s, owner managed businesses and high net worth individuals.

Robert then joined French Duncan in 2014 and has helped to oversee the growth and development of our corporate tax department.

His current role includes advising on a range of projects including corporate restructuring, capital allowance planning, Research and Development claims, due diligence and international tax issues.

Robert also oversees the corporation tax compliance process for a number of our firms largest and most complex clients.

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