Many property owners and developers associate Capital Allowances with the acquisition of a commercial property.   However, refurbishment, extension and fit out projects can often present significant opportunities in their own right.   In this recent project, a specialist care home operator undertook a substantial extension and refurbishment programme at an existing care facility, including the creation of additional en suite bedrooms and enhanced mental health care facilities.   Project Cost: £1,434,813 Qualifying Expenditure Identified: £822,136 Percentage of Project Cost: 57.3%   The review identified qualifying assets including: ◉ Electrical and lighting systems ◉ Heating and air conditioning systems ◉ Fire and security systems ◉ Water and sanitary systems ◉ Fixed equipment and built in installations ◉ Furniture and specialist equipment   For many businesses, the focus is understandably on project costs, funding and operational delivery. What is often overlooked is whether valuable tax relief opportunities have been properly identified within the expenditure itself.   In this case, over £822,000 of qualifying expenditure was identified from the project.   When was the last time a refurbishment, extension or development project you were involved with was reviewed by a specialist?   #PropertyInvestment #PropertyDevelopment #CommercialProperty #CareHomes #CommercialPropertyOwners #PropertyProfessionals #CapitalAllowances #TaxRelief

Posted by Dafydd Evans at 2026-06-23 06:38:45 UTC