Loss Of Overlap Relief

[GANDONAS22]

Guest House owners since 2008 trading as a partnership considering Capital Allowance claim for embedded fixtures prior to January 31st. The knock on effect would release repayment of tax from 2016/17 and 2017/18 plus minimise any payment to account for 2019 leaving little liability for tax.
However as we are currently changing the accounting year (01.05.2017 - 30.04.2018) (01.05.2018 - 31.03.19) thus preparing 12 month and 11 month accounts to 31st March 2019 this will attract overlap relief.
As overlap relief would be mandatory and be given as a deduction for that tax year we are seeking to understand whether the reduction in 2017/18 profits by virtue of the Capital Allowance claim would negate the overlap relief, meaning it would be lost ?
Any thoughts or pointers would be most appreciated.
Gandonas

[robbob]

I think this link would be more useful than anything i had to say

https://www.taxation.co.uk/Articles/2017/09/19/336960/capital-allowances-claims-property-fixtures

[GANDONAS22]

I think this link would be more useful than anything i had to say

https://www.taxation.co.uk/Articles/2017/09/19/336960/capital-allowances-claims-property-fixtures

Many Thanks

The overlap relief available to each person is £13.3K. Partnership profits for period to 30/04/2018 is £25.5K, same to 31/03/2019. This gives £25.5K less £13.3K = £12.2K less personal allowance = £350 liable to tax, hence reduced payment to account 31/01/19
Should the Capital Allowance claimed be lodged by 31/01/2019 to allow claim on 2016/17 tax year the 2016/17 and 2017/18 profits are reduced giving rise to repayment and a similar reduction of payment to account.
So we are trying to establish any methodology to enjoy retaining the benefit of both , rather than lose one or the other ?
Happy to receive comments accordingly