Specialist Capital Allowances Claims on Commercial Properties

Whilst any good accountant will either have a good understanding of then criteria for Capital Allowances, or use the services of a specialist in this field, there are specific claims relating to historic commercial property purchases along with areas of post-acquisition expenditure, that remain unclaimed.

We work with a team of Capital Allowances Consultants and Surveyors that specialise in making these claims.

Their high-level, industry leading methods regularly identify thousands of pounds in unclaimed tax relief.

Furthermore, they have a 100% success rate agreeing their findings with HMRC.

Property Purchase Claims

There is a very simple checklist to know if there is a potential claim relating to the acquisition of a commercial property :-

• Property purchased prior to 2014 ( * )
• Property purchase price £150,000 or above
• Claimant is a UK tax-payer, that has paid in excess of £1,500 tax in the last year

( * ) Properties purchase after 2014 may still qualify. A consultant will review these on a case-by-case basis.

Expenditure Claims

These claims relate to cots incurred for work carried out developing or improving the property since acquisition.

Typically, expenditure in excess of £200,000 will be reviewed.

Process

We will arrange a call with a specialist for a no cost, no obligation conversation to assess eligibility.

You will receive an illustration outlining your entitlement.

A survey will be arranged for the property.

A Capital Allowances Valuation Report will be submitted to HMRC.

 After around four weeks a cash rebate will be received, along with a pool of tax savings (**).

(**) 18% of the Tax Savings Pool can be claimed against annual tax each year after.