Capital allowances save you money. In fact, they are the only way to claim tax relief on capital expenditure incurred on commercial property by both domestic and overseas taxpayers.
What can you claim?
Tax on profits can be offset by the allowances you claim. Quite simply, they can reduce taxable profits for companies and individuals. Therefore, any property or construction transaction provides an opportunity to claim Capital allowances. Once you’ve made a claim, you should then take steps to protect your benefit, even if you plan to dispose of the property or asset.
Exactly what can be claimed is not, however, an exact science. Despite case law and legislation trying to define exactly what can be claimed, the position remains unclear. What is clear, though, is that you will benefit significantly by using specialist help.
How can we help you?
Get the best results whatever the property type, thanks to our vast experience and tried and tested approach. Our in-depth and detailed ‘end to end’ service is crucial in every project we undertake. It ensures that opportunities to claim are not missed and alternative types of claim are always investigated.
You can rely on us to generate a healthy return for you on the investment of our fee.
Our services include:
Checking that you have a valid claim and collecting all the data required to make the claim.
Surveying the property and making photographic and written notes to support the claim, including measurements and sketching floor plans if required.
Preparing a detailed analysis of all costs showing the tax treatment of them and the allowances that are being claimed.
Negotiating a settlement with HMRC.