Menu

Claim your Tax Rebate using Capital Allowances

 

*** GENEROUS REFERRAL FEES AVAILABLE FOR INTRODUCERS – PLEASE ENQUIRE ***

 

Capital allowances are a set of perfectly legitimate tax reducing allowances – for yourself or your clients – that you are allowed to claim on any commercial building you own, but which HMRC don’t publicise and can make difficult and time consuming to claim if you don’t know what to do. We will do this for you or your clients and will pay generous referral fees.
i-heart-hmrc-dolly-dundee-united3

Example

Let’s suppose a few things here. You own your own commercial office / shop / premises and paid £400,000 for them some years ago. Since then you’ve extended, put in a disabled ramp etc and spent another £100,000. I’ll also presume you are a 40% tax payer.

In the above instance your rebate would be:

Purchase price + improvements x25% x tax rate

So: £500,000 x 25% = £125,000 in unclaimed allowances x 40% tax rate = £50,000 TAX REBATE

Not bad… sadly it isn’t magic: you will often get your rebate at 20% p.a. reducing, so £10,000 straight away, £8000 in January 2014, £6400 the following January and so on.

artworks-000028181283-jusmay-cropWhat will it cost

The ONLY up front fee payable would be the cost of the specialist survey. This is unlikely to exceed £1000 and will possibly be less. IF we fail to find sufficient allowances to make it worthwhile we will refund the survey cost to you. This has yet to happen, we WILL find them.

Apart from that our fee for providing the planning, together with accountant liaison and back up throughout would normally be 6%. However, for clients who reach this web page, we have reduced the fee to just 4% – so £5000 in the above case. Both of the above plus VAT. These fees are payable on submission of the report to HMRC.

All our fees are allowable against your tax bill in the same way as any professional fee, so effectively less anyway.

 

COMMISSION EXAMPLE:

Commission would be payable as a percentage of  this £5000+VAT fee (4% x £125,000 allowances identified).  The percentage depends on your agreement as standard.

 

Some questions your clients may have

Surely my accountant has already claimed? NO. Unless the specialist RICS survey has been done these allowances will not have been claimed. This is no reflection the accountants ability, it’s just that these are little known and HMRC make them difficult to claim.

hmrc-paperwork-closeup-700x45_660

Will it affect my CGT liability on resale? NO. Claiming this has no effect at all on CGT, the price used for CGT calculation is, as normal, the purchase price.

 

WE CAN SAVE YOU TENS OF THOUSANDS IN TAX RECLAIMS AND FUTURE SAVINGS.

CALL US TODAY ON 020 3291 1943


DOWNLOAD BROCHURE