UK capital allowances specialists
Capital Allowances.
Value in the detail.
Your property and capital investment may hold tax relief that has not yet been identified. InnoFund brings surveying, financial and tax expertise together to uncover qualifying expenditure, establish your entitlement and prepare a claim you can stand behind.
- 30-minute first conversation
- Survey-led specialist review
- Filing and HMRC support
Experience that looks closer
The difference
a detailed review can make.
The hotel figure is qualifying expenditure, not a cash tax saving. It is a historical client example, not a typical or guaranteed result. The £300m+ figure is InnoFund’s published historic tax-benefit total across services, not a result for this service alone or a promise of outcome. Trustpilot covers the wider business and may change.
For owners, investors and finance teams
You made the investment.
Get the tax position right.
A purchase price, a contractor’s invoice or a line in the fixed asset register rarely tells the whole story of a building. Heating, electrical installations and other qualifying assets can sit inside a much larger project cost.
We look at the property as well as the paperwork. Your accountant keeps the overall tax relationship; we bring the specialist survey, cost analysis and ownership review needed to identify what may have been missed.
- Begin with 30 minutes
- Tell us what you bought or improved, when you spent the money and what has already been claimed.
- Use the records you have
- Accounts, contracts and cost schedules give us a starting point. We explain what else is needed.
- Keep your team focused
- We coordinate document requests and site access, rather than asking you to interpret the tax rules.
- Fees linked to added value
- For our review service, charges are linked to benefit identified beyond the scope already established. We agree the basis upfront.
Why InnoFund
A building is more
than a line in the accounts.
Capital allowances reviews work best when the physical asset, its legal history and the tax treatment are considered together. That is the value of a multidisciplinary team.
Surveying
See what is actually there.
A detailed inspection can identify installations and assets that high-level invoices do not describe.
Cost analysis
Make the expenditure visible.
We examine contractor accounts, specifications and valuation evidence to identify and support qualifying costs.
Due diligence
Establish the right to claim.
Acquisition dates, previous owners’ claims, pooling and fixtures agreements can determine whether relief is available.
Tax and compliance
Carry the detail into the return.
Our report connects the asset review to the tax computation, with filing and post-filing HMRC support.
Specialist support, not a replacement accountant. We work with your finance team, accountant and property advisers so the claim fits the wider transaction and tax position.
Where a review adds value
New investment.
Existing property.
A fresh perspective.
A review can start before a transaction or revisit expenditure already incurred. We establish ownership, business use and previous claims before deciding what can be taken forward.
Commercial property purchases
Review the fixtures position and acquisition paperwork, ideally while there is still time to agree matters with the seller.
Refurbishments and fit-outs
Unpack staged payments and bundled contractor costs to see which assets and installations may qualify.
New construction and extensions
Classify the expenditure as the project develops and distinguish plant, building costs and other tax treatments.
Established property portfolios
Check historical expenditure and previous reviews without assuming that an older building has exhausted all relief.
Tenant-funded improvements
Assess expenditure you have incurred in leased premises, with attention to ownership and lease terms.
An existing claim
Get an independent second look at the scope, evidence and analysis already prepared by your team or adviser.
Look beyond the obvious assets
The detail inside
your capital spend.
The opportunity is often in the systems that make a property function. We review each item’s purpose, cost and ownership, then identify the appropriate allowance and timing.
Land and the general building fabric do not automatically qualify as plant and machinery. We separate those costs and consider other reliefs, including Structures and Buildings Allowance where appropriate.
Electrical and lighting systems
Distribution, wiring, controls and lighting may sit within the integral features analysis.
Heating, cooling and water
We assess heating, ventilation, air-conditioning and relevant water systems within the property.
Lifts and other integral features
The function and classification of an installation matter, not simply the heading used on an invoice.
Safety and security installations
Fire alarms, CCTV and certain security systems can warrant a separate fixtures review.
Fitted facilities and equipment
Commercial kitchens, sanitary fittings and operational equipment need an item-by-item assessment.
Specialist plant and machinery
Manufacturing, agricultural and other trade-specific assets can require close technical and valuation analysis.
How we work
From first review
to a supported tax position.
We agree the scope, information and responsibilities at the outset. Our original service guide indicates 4–6 weeks for a claim and 2–5 hours of client input; these are planning indications, not commitments. Timing depends on complexity, records, site access and responses.
- 01
Scope the opportunity
Understand the asset, expenditure, ownership and what has already been claimed.
- 02
Complete due diligence
Review the purchase history, entitlement, pooling position and relevant agreements.
- 03
Survey where needed
Inspect the property and identify installations that the cost records may not reveal.
- 04
Analyse the expenditure
Classify and quantify the qualifying costs, reconcile the records and test the tax treatment.
- 05
Prepare the report
Set out the supporting analysis and claim calculation for you and your accountant.
- 06
Support filing and HMRC questions
Coordinate the claim in the tax return and provide the agreed post-filing support.
Support across the property lifecycle
The right expertise.
At the right point.
You can engage us for a complete review or a defined piece of specialist work. We agree the scope, fee basis and what delivery will look like before starting.
Before completion
Acquisition and disposal advice
Consider capital allowances in the transaction, with your solicitor and accountant, while relevant agreements can still be addressed.
During the project
Construction and refurbishment support
Organise expenditure and supporting records as the work progresses, instead of reconstructing every cost at year end.
A second opinion
Review an existing position
Ask us to examine previously scoped expenditure and identify whether further supported benefit is available.
After submission
HMRC follow-up support
Our service includes filing assistance and post-filing HMRC support. We agree responsibilities and the scope of any wider dispute work in the engagement.
The property and the paperwork
Make the claim
as detailed as the asset.
A strong review joins the site inspection to the records: accounts, tax computations, fixed asset registers, specifications and contractor breakdowns. For an acquisition, we also review the sale agreement, title documents and Commercial Property Standard Enquiries (CPSE).
We ask about grants or third-party contributions, previous allowances and the dates of expenditure. If you have also cleaned up contaminated land or buildings, we can coordinate a separate Land Remediation Relief review, avoiding double-counting the same costs.
- Physical assets connected to cost records
- Ownership and prior claims considered
- A clear report for your accountant
The people behind the advice
Property knowledge. Tax judgement. People you can speak to.
Mak leads our Capital Allowances service, supported by specialists in property claims, tax compliance and legal matters. We build the team around the asset and the questions it raises, working alongside your existing advisers.
Osman Zackaria
Senior Associate
Capital Allowances Claims
Richard Skelton
Head of Land Remediation Relief and Partnerships Director
Capital Allowances, IP Consulting, Land Remediation Tax Relief, and R&D Tax Relief
Frances Pollard
Head of Legal
Legal and Compliance Support
Selected client work
What a closer look
has uncovered.
Four examples from InnoFund’s original Capital Allowances service. They show why surveying, ownership checks and cost analysis belong together.
Hotel refurbishment
Beyond the initial £20,000 claim.
On a £1m refurbishment, the client had initially claimed £20,000 in capital allowances. InnoFund reviewed the calculation and carried out a room-by-room survey.
The survey identified a further £670,000 of qualifying expenditure that had been overlooked.
£670,000Additional qualifying expenditure identified
Grain storage
Reviewing the whole installation.
The client’s accountant asked InnoFund for a second opinion after a specialist had identified the grain storage plant. Our survey extended the analysis to the structure beneath it.
Following InnoFund’s review and resubmission, the client received a revised benefit of £106,000.
£106,000Revised client benefit reported in the original case
Mixed-use student accommodation
Find the opportunity. Respect the exclusions.
A £29m conversion, including £22m of contractor costs, combined student accommodation with commercial retail space. InnoFund surveyed the property and excluded the 356 dwellings from its plant and machinery analysis.
The review identified £4.2m of qualifying expenditure, with potential tax savings reported at £749,862.12.
£4.2mQualifying expenditure identified
Care home conversion
The installations the paperwork missed.
A national provider spent £480,000 converting a residential site to a care home. Its initial capital allowances claim was £30,000.
InnoFund’s survey identified additional assets and installations, increasing the reported claim to £250,000.
£250,000Revised capital allowances claim
Historical, anonymised client examples. Claim values and qualifying expenditure are not the same as cash tax savings. Outcomes depend on the facts, applicable rules and tax position; images illustrate the property types, not the client sites.
Capital allowances, explained
Questions before you start.
A first conversation can establish what matters for your property, expenditure and claim history.
Ask about your propertyCan you review a property if our accountant has already claimed?
Yes. A specialist review can examine the scope, ownership history and supporting asset analysis behind the existing claim. We work with your accountant and do not assume either that everything has been claimed or that additional relief is available.
Can older expenditure still be reviewed?
Potentially. The date of expenditure, ownership, previous pooling and claims, and the relevant deadlines all matter. An older purchase is a reason to check the history, not a guarantee that a retrospective claim can be made.
Do you need to visit the property?
Where a survey is needed to establish the assets and support their treatment, we arrange a site visit. We first review the records and agree the scope, rather than treating a survey as an automatic requirement for every engagement.
Can tenants claim on improvements to leased premises?
Potentially, where they have incurred qualifying expenditure and meet the relevant ownership and business-use conditions. We review the lease, who paid for the assets and any landlord contributions.
Does the whole purchase price qualify?
No. Land and the general building fabric do not automatically qualify as plant and machinery. Fixtures and integral features require their own assessment, including the seller’s position. Structures and Buildings Allowance has separate conditions.
How are your fees agreed?
Our review proposition links charges to the benefit identified beyond what has already been scoped. We agree the baseline, fee calculation, scope and any additional work before you appoint us.
What do you need for the first conversation?
Start with the type of property, its use, approximate capital spend, purchase or works dates and any previous claim. Accounts, tax computations and a fixed asset register are helpful for the review. Acquisition documents, CPSE replies and detailed cost records may follow.
What happens after the claim is prepared?
We provide a supporting report, work with your accountant on filing and assist with post-filing HMRC questions within the agreed engagement. If there is an existing or wider dispute, we can discuss specialist support separately.
Your next step
Find out what
a closer look could reveal.
Bring the property type, an approximate investment value and the dates of purchase or works. In 30 minutes, we can identify the starting questions, explain the review process and agree whether there is a worthwhile next step.
- 30 minutesA focused first conversation
- Expert guidanceTechnical, tax and commercial context
- Commitment freeA clear next step, without obligation