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Capital Allowance

 

NationwideEPC have recently partnered with Specialists in Commercial Property Tax Accounting. Commercial Property owners that are also UK tax payers and have paid tax within the last three years are very often able to reclaim large sums of money by utilising their once in a property life time, property gift Capital Allowance. Some recent successful claims include:

 

Type of Property Property Value Tax Reclaimed
Small Mini Mart £300,000 £35,000
Builders Head Office £950,000 £85,000
Chinese Restaurant £650,000 £88,500
Day Nursery (including lift) £1,000,000 £230,000

 

  • They work closely with HMRC to ensure validity of claims
  • No Claim no fee (If the reclaimable tax is less than £25,000 you will receive the report for free)
  • If you do not claim soon, you may miss the window of opportunity as a new Government bill is being tabled to only allow claims at purchase and end the back dating of claims
  • Claims are often in the region of 15-40% of the original property value plus mitigation of tax on on-going expenditure
  • Even if you have an accountant and think you have claimed for these Capital Allowances already, you will typically not have claimed enough. A dual skill set of a Specialist Accountant and a Quantity Surveyor is required to correctly calculate the claim amount.
  • The main reason for not claiming or improper claims is that if claimed incorrectly, the person submitting the claim is 100% liable in fines for the amount claimed.
  • Risk free as the work undertaken is 100% guaranteed and indemnified against HMRC.
  • This works for 20% tax payers and corporation tax payers , however if you are a 40% tax payer you should definitely speak with us.
  • £195.00 upfront fee pays for required searches – no other up front costs are incurred.

If you would like to know more about claiming your Capital Allowance, please complete Contact Us form and a representative will contact you.

Contact Us

Fill out the following enquiry form and we will contact you as soon as possible.