iCapital Allowances - Saving £thousands in tax for UK commercial property owners

So, you own commercial property?  Claiming this legitimate tax benefit can save you between 10-25% of the acquisition cost, in tax.

Capital Allowances can be the single biggest financial boost to your business in its life.  Even so many businesses can easily overlook this lucrative tax benefit.

"My advisors and I thought we had claimed everything
available to us....we hadn’t"

The odds are in your favour; around 90% of eligible allowances go unclaimed.

And it’s not too late to claim it........

 

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How you can benefit:

Put simply; A reduced tax liability and a refund of previous tax paid in the last 2 years. 

Capital Allowance claims allow you to submit the value of ‘plant and machinery’ and offset this against your tax bill. Its allowable by law, but requires a specialist claim and that’s why many businesses miss out.

In your commercial property, much of the ‘plant’ within your building is unseen and not obvious, and therefore not yet claimed against your tax bill, this includes electric cables, cold and hot water installations, lifts, fire systems, air conditioning, fire doors, heating installations, the list goes on..........each of these items need to be attributed a value by an in-house tax qualified specialist surveyor and submitted to HMRC.

As an example:
 if you purchased your property for £1m, the ‘qualifying expenditure’ could easily total £400,000, therefore if you are a 40% personal tax payer, that would equate to £160,000 deducted from your tax bill. 

The good news is that the law applies retrospectively and so the benefit is available even if you bought/built the property several years ago.  There is no restriction on how far you can go back.

This type of work is outside the remit of most accountants & surveyors and requires specialist input.  This is where iCapital Allowances excel.  This is a standalone service – we work alongside your existing accountant to compliment their work

 

Do You Qualify?

Are you a UK tax payer?
Do You Own a Commercial Property in the UK?
Is your property owned personally or in a Ltd Co?


It is important we also check that the property has had no previous claims, although it’s unlikely.

What Information Is Needed To Start?

This is a simple process for you and requires very little work;

Basic Information on your property and your/company tax status.
Basic Documentation re to purchase (see process)


Your solicitor will be familiar with and can usually easily locate the required documents for you and that’s it, claiming capital allowances on your part is effortless.

 

 

Our Expertise

We are experts in unlocking allowances embedded deep within your building fabric to increase your tax benefits. 

We have a 100% claim record.

Our associates are fully specialist, respected capital allowances professionals with decades of experience for you to benefit from. 

Previously they were senior CA specialists within the ‘Big Four’ accounting firms including KPMG, Andersens and Deloittes.

Now working exclusively within the capital allowances arena, the teams’ skills are in providing pro-active solutions to maximise your tax savings and reduce your risks.

Our specialists consist of Chartered Accountants, Chartered Surveyors and Chartered Tax Advisers.

Of course the savings we generate far outweigh the costs.

Fees for this service are by negotiation depending upon the complexity of your claim and work involved.

If there is no claim, we guarantee there will be no cost.

You are certainly in safe hands.  You can be sure that you are using an unparalleled service, please contact us for any further information on credentials or to start the ball rolling.

The good news is that the law applies retrospectively and so the benefit is available even if you bought/built the property several years ago.  There is no restriction on how far you can go back.

This type of work is outside the remit of most accountants/surveyors and requires specialist input.  This is where iCapital Allowances excel.  This is a standalone service – we work alongside your existing accountant to compliment their work.


Please see our genuine case studies or get in touch for your risk free and no cost appraisal.



Capital Allowances can be claimed on a wide range of premises

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