Capital Allowances

Are you paying tax on your business profits?

Did you know that you can legally claim a tax allowance on the purchase price of your business premises?

telephone us for more information on our 'no success – no fee' service: 0844 209 2500

We are tax specialists and have submitted more than 500 claims on behalf of clients with 100% successful claim rate.

A few moments of your time could be worth thousands of pounds in tax refunds to you.

You have nothing to lose – only money to gain.

We have successfully recovered well over £20million of Capital Allowances on behalf of owners through a range of services that we offer. We aim to save you money and time in certain aspects of the running of your business and in some cases recover tax that you have overpaid. The large majority of our services are provided on a 'No Success-No Fee' basis.

Are you entitled to further tax relief?

We estimate that many business owners who are eligible to claim have yet to do so. This relief, called Capital Allowances, results in repayments of tax and future savings on your tax bills.

My Accountant tells me I have already claimed for Capital Allowances?

Yes, you almost certainly have but it may have been limited to only furnishings and loose equipment, not fixtures and fittings which are part of the building like plumbing, telephone systems, lifts and central heating.

How do I qualify?

All business property owners have a statutory right under the Capital Allowances Act 2001 to claim this relief. Over 95% of the businesses we have been asked to investigate have qualified for extra capital allowances with 100% of claims submitted by us being successful.

What happens when I sell the business property?

There is a misconception that there is no point in claiming Capital Allowances because any benefit paid is repaid when calculating the Capital Gain or taken away as a balancing charge.

Sections 37, 39 and 41 (1) of the TCGA 1992 disregard, for the purpose an un-indexed gain, the fact that Capital Allowances have been given or balancing charges made in respect of the assets under consideration. The Capital Gains Tax computation proceeds in the same way as if the asset were one on which Capital Allowances were never available. The only exception is if the asset is sold for a loss. Therefore claiming tax relief in this way for the inherent fixtures in the building should not reduce the base cost of your home for Capital Gains Tax. When you sell, you may negotiate and agree the sale price of these fixtures with a future buyer at an amount to avoid any Capital Allowance balancing charge and elect for such an agreement to be binding on H.M.Revenue & Customs. This means that you can retain the benefit of the Capital Allowances.

What will this service cost me?

We charge nothing up front at all and no separate survey fee. We only charge a fee of 5% plus VAT of the total on which Capital Allowances can be claimed.

What are Capital Allowances worth?

As a percentage of the purchase price of the freehold of the property, fixed plant and machinery is typically up to 25% or more. We have many satisfied clients who have received refunds of tax paid in the past two years, savings on their current bill and a carry forward figure for future savings - all this without affecting the Capital Gains Tax base cost of their building.

"..businesses are using the capital allowances and deductions that government has put in place to stimulate investment, create jobs and build economic stability. These are not loopholes – these are properly policed business reliefs.." - Financial Times