the captical allowances

Genuine Expertise

Our Latest Publications

Our Latest Publications

Capital Allowances: Transactions and Planning 2014/15

RICS Black Book Guidance Note

Other Books and Press Articles
Publications from The Capital Allowances Partnership Limited

Our Publications

Books

Press Articles

Services for Property Owners

Making a Claim

Whether owned for investment or owner-occupation, all commercial premises contain 'plant and machinery' (as defined for tax purposes).

These include fixtures such as electrical, water, heating and sanitary systems, and many other assets.

When valued correctly, the money spent on these assets may be written-off for tax purposes, sheltering your business profits from taxation.

  • The tax savings are typically between 5% and 10% (and as much as 25%) of the money spent (depending upon the property type and your tax rate);
  • Claiming can result in a cash rebate from HM Revenue & Customs, or a reduction in current and future tax bills, or both;
  • There is no time bar on claiming for money spent to buy or build property before April 2012. However, from April 2012 new rules apply to sales and purchases of second-hand property. These impose a broadly two-year time limit upon buyers where the seller has previously claimed capital allowances. The rules will be tightened from April 2014 to apply even where the seller has not claimed any allowances, but could have done.

Claiming capital allowances is an income/ corporation tax adjustment only. It has no effect on your financial accounts, or the market value of your property. Nor does making a claim have any effect on your future capital gains tax bill (should you ever decide to sell your property).

Other Advisors

Some accountants, solicitors and surveyors do provide limited capital allowances advice. However, because we are specialists we have a different skill-set and more in depth and up-to-date understanding of capital allowances law and practice.

Capital allowances claims are ideally suited to being dealt with on a stand-alone basis separately to other tax matters and we work alongside other advisers without any conflicts of interest or scope overlap issues occurring.

Capital allowances law is particularly complicated when second-hand property is purchased. Accountants are normally unable to advise fully because calculating the claim requires an apportionment of the price between land, buildings and qualifying assets, which is a surveying-based tax valuation exercise which is outside most accountants' skill-set and expertise. And, most surveyors do not have the requisite tax knowledge.

Our Fees and Approach

Our fees are agreed in advance. Depending upon your preference, we can either charge a fixed fee, or a results fee based on the value we deliver.

The process is precisely the same, regardless of the fee type chosen. For results based fees our work is, in effect, 'no win, no fee' and you are guaranteed to always keep the lion's share of any tax savings generated.

There is no downside in involving us because we will normally carry out a free of charge and no obligation initial review to assess the feasibility of claiming, estimate the tax savings that should arise, and propose an appropriately tailored fee.

Please contact one of our directors for more information.

Send us a Message...

Give us a Call...

London and the East Midlands:-

Martin Wilson

Telephone: 0116 241 4148

Mobile: 07799 473 562

West Midlands, South West & Wales:-

Adam Garrad

Telephone: 0121 354 1338

Mobile: 07799 473 561

The East and South East:-

Steven Bone

Telephone: 01353 675 224

Mobile: 07880 711 368

The North, Scotland and Ireland:-

Steven Burchill

Telephone: 01506 811 561

Mobile: 07799 473 566

Our Latest Publications

Our Latest Publications

Capital Allowances: Transactions and Planning 2014/15

RICS Black Book Guidance Note

Other Books and Press Articles
Publications from The Capital Allowances Partnership Limited

Our Publications

Books

Press Articles