Woking Commercial Finance Brokers, Woking Finance | Brooklands Commercial Finance

Capital Allowances

Managing cash flow and access to capital and funding are critical to all businesses and it is important to minimise its tax liabilities where possible.  Capital allowances, particularly on property acquisitions, are often unclaimed or under claimed, because of the difficulty in identifying and valuing qualifying expenditure.  Non-specialised accountants will not be able to carry out these valuations.

We have teamed up with the leading expert www.portaltaxclaims.com/affiliates/23 who write most of the published works on the subject.

• They are a right and not a privilege and are not controversial (i.e. they are not a "scheme")
• No downside.  They will carry out a free of charge initial review to assess the feasibility of the claim.
• This can result in a cash repayment from HM Revenue and/or reduction in current and future tax bills.
• Often the tax savings can equate to 10% or more of the purchase price.
• There is no time limit on making a claim.
• The fees are based on a small percentage of the tax savings.
• It is estimated that more than 90% of Capital Allowances are not fully claimed.

Eligible buildings include:-

• Offices
• Industrial
• Agricultural
• Hotels
• Pubs
• Restaurants
• Doctors Surgeries
• Etc

Eligible Stages:-

• New Build
• Refurbishments
• 2nd hand acquisitions

Eligibility Criteria:-

• Property is classified as commercial
• Purchase price was a minimum of £200,000
• The owner be it an individual, company or Partnership is a UK taxpayer.

Case Studies

Case Study 1

An individual bought a country pub in Surrey in April and claimed capital allowances on only £10,000 of fixtures and fittings identified in the contract.  Our experts surveyed the property and identified a further £145,000 of expenditure qualifying for allowances.  Tax savings over time were just under £60,000 and the owner, being self-employed, was able to begin taking the benefit of the relief when he made his next payment in July that same year.

Case Study 2

A husband and wife owned 2 nursing homes, costing circa £1m and had never claimed capital allowances, other than on obvious items such as furniture and equipment.  Our experts surveyed the properties and prepared detailed claims covering, for example, sanitary ware, heating and electrics.  The outcome was a tax saving of around £100,000.

For further information please click here to download our pdf or contact Brooklands Commercial Finance Ltd.