Capital allowances in the UK are a tax relief given to property investors on certain types of expenditure incurred in relation to commercial properties. This can include costs for renovations, fixtures, and fittings within the building. The benefit of capital allowances is that they allow property investors to deduct these costs from their taxable profits, reducing their overall tax liability. This can result in significant tax savings for investors and improve the return on investment for their property portfolios. By claiming capital allowances, property investors can maximize their cash flow and enhance the overall profitability of their real estate investments. With the assistance of a qualified capital allowances specialist, investors can ensure they are fully optimizing their tax relief entitlements and staying compliant with current legislation.