What we do

Commercial buildings are eligible for tax allowances providing they are owned by a limited company or private individuals. 

The qualifying items for these allowances are varied and to identify them a full building survey needs to be undertaken in order to ascertain the value of qualifying items and apportion them against the cost of purchase and development. 

The first step, however, is to undertake due diligence to ensure the allowances have not been claimed by a previous owner and that the survey and tax computing process will be viable.  

If all is in place with the due diligence a capital allowances report will be made up and our tax specialist can advise your accountant how to submit it to HMRC and also if it is worth adjusting the previous tax return. 

Once submitted to HMRC the identified tax saving is ratified in a matter of weeks. 

Depending on your tax situation you will get a refund, a future allowance or a combination of the two. 

Our fee is not due until after this has been confirmed.

Process:

Undertake due diligence

Survey premises

Prepare valuation reports

Tax specialist calculates allowances

Confirm allowances with your accountant

Submit report to HMRC (you or your accountant)

Receive allowances from HMRC