Automotive
Find out more about claiming Capital Allowances in your Car Dealership or Vehicle Serving Centre
What are Capital Allowances?
Capital Allowances are the only form of tax relief available to UK taxpayers on their expenditure on fixed plant and machinery. The cost of claimable items can be used to offset or reduce the taxable income or profits of the person or company that incurred the expenditure. Fixed plant and machinery encompasses numerous systems commonly found in most properties. In an automotive setting some of the common items that form part of a claim are: air conditioning & heating systems, electric, lighting & plumbing, illuminated signs, electric motors for gates, intruder alarms and CCTV cameras.
Whilst many accountants and taxpayers are aware and claim on certain loose or moveable items, many are unaware that they can claim on embedded items within a property or property purchase. By entrusting your claim to STax, you are in safe hands. We bring together a team of surveyors, accountants, and property tax specialists, all equipped with a thorough understanding of the inner workings of over a century’s worth of case law relating to Capital Allowances.
Capital allowances calculator
How much could your Capital Allowance Claim could be?
WHO ARE STAX?
STax, we are the Capital Allowance Experts. Our expertise lies in extracting maximum Capital Allowance value from all forms of office space. Our client portfolio boasts a dynamic range of car dealerships, car servicing facilities and vehicle storage units. Over the past decade, we have helped our clients claim over £500m in unclaimed and largely unknown Capital Allowances.
In the last year, STax have won a number of awards recognising our work and expertise in helping our clients make a Capital Allowance Claim.
HOW DO CAPITAL ALLOWANCES CLAIMS WORK?
STax is a fusion of Property Tax Experts, Accountants and Surveyors. We work with you to uncover potential capital allowances that have been left unclaimed in your commercial property. Our team can provide you with the information you need to make a Capital Allowance Claim.
Engaging STax couldn’t be easier. All you need to do is get in touch and we’ll take it from there. If we find that there are no potential Capital Allowance Claims in your office building then we won’t charge you a fee – meaning you have nothing to lose.
Our 4 Step process
STax was introduced to me by my accountant, and they couldn’t have been more helpful in explaining the process and assembling my claim. The total claimed was over £250k, a sum I wasn’t even aware was available to me. I highly recommend their services.
STax simplified a highly complex area of tax for us and generated substantial savings. I was so impressed with the outcome of the survey that I’ve since introduced the firm to several of my business partners and investors.