In the majority of cases most property investors assume that their accountants have already maximised capital allowances on all fixed assets.
Whilst many accountants do provide fixed asset advice and fully understand the mechanics of capital allowances, many firms will not have the required surveyor's skill set in order to submit a comprehensive capital allowances report.
This is why we work in collaboration with accountants to ensure their clients tax relief is maximised and compliant.
We offer our accountant partners an unrivaled capital allowances service with free advice and guidance with no up front costs for their clients.
"The average capital allowances claim is worth £160,000 and in most cases a HMRC tax refund is due"
Capital Allowances Criteria
In order to identify if your client could benefit from Capital Allowances you must ensure your client meets the following:-
Intended for use by ‘for profit’ business
Must incur qualifying capital expenditure
Must have a qualifying trade
Must have relevant land interest
Must be UK taxpayer
Property types include: offices, hotels, medical centres, care homes, public houses, shopping centres, restaurants, service stations, retail units, banks, doctor and dental surgeries, hospitals, factories, sport stadiums, refineries etc.