Retail

The retail sector is one of the largest sectors that Jex Capital Allowances work with.  Retail businesses range from wholesale and logistical operations right through to specialist boutique businesses.   

Whether the business is a florist or a fashion store, all are eligible to benefit from tax relief on their commercial property interests.

Tax relief in the form of Capital Allowances, is available to businesses incurring capital expenditure when purchasing or fitting out their premises.  Claiming these reliefs, can provide a business with a cash flow advantage. The level of capital allowances that are achieved, will depend on the specification of the property, and also the level of fit out.  Typical items that may qualify include: 

  • sanitary ware
  • escalators
  • passenger and goods lifts
  • signage fire alarms
  • security installations
  • mechanical ventilations
  • electrical systems
  • lighting
  • heating
  • air-conditioning
  • public address systems
  • telephone and data installations 

Refurbishment, alteration and fit-out projects typically generate property tax relief, ranging from 45% to 85% of the capital expenditure.  A proactive approach gives rise to the opportunity to obtain 100% first year allowances, in relation to the installation of equipment qualifying for enhanced capital allowances and business premises renovation allowances. 

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