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U.K. BASED FRANCHISE
Capital Allowances on Fit-Out Expenditure
"The average amount of capital allowances claimed by a franchisee is in excess of 50% of the fit-out expenditure "
Claiming capital allowances in the U.K. is crucial for franchisees as it offers substantial financial benefits.
By doing so, you can reduce your taxable profits, leading to lower tax bills. This allows you to retain more of your earnings, reinvest in your business, and enhance overall financial stability.
Additionally, capital allowances promote business growth by incentivizing investment in assets, fostering innovation, and ensuring your franchise remains competitive in the market.
It's a strategic financial move that not only optimizes your tax position but also contributes to the long-term success and profitability of your franchise.
DOES MY FRANCHISE QUALIFY
In order to qualify for capital allowances as a franchisee, you must:
Own or lease the property
Have incurred capital expenditure on a fit-out
Have a qualifying trade
Be applicable to U.K. Tax
Franchises from leisure to restaurants can qualify and this includes big name brands such as McDonald's, Pizza Hut, Subway, Snap Fitness, Anytime Fitness and more.
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