At the point of acquisition or disposal of a commercial property there is a substantial legal point that is hugely understated and if not attended to correctly, is a significant time bomb waiting to go off.
Our Surveyors understand property and are experienced in identifying qualifying property embedded plant & machinery.
Complete due diligence in the analysis of the Accounts, Fixtures and Fittings and Repairs and Renewals etc.
Advising Clients how best to utilise the identified Capital Allowances, taking into consideration their existing tax position, potential for refund, previous losses, and if applicable Group and Sideways Relief, future tax position and the potential to use the identified Capital Allowances to offset a HMRC Enquiry.
Plant & Machinery Valuations
Our policy is to utilise an Independent Quantity Surveyor to cost identified Capital Allowances relevant to date of expenditure.
We communicate with all Client Advisers to ensure that all elements of their accounting history and tax position have been considered holistically. Timing of the claim from a tax point of view is crucial as is making sure that a claim to Capital Allowances is not being duplicated. We liaise and communicate openly with our Client's Advisers.
Direct HMRC Interaction
We take complete responsibility and defend against HMRC Enquiries. We take responsibility for the claim from start to finish including, and being responsible for, all communication with HMRC. This would include any subsequent queries and, or, correspondence after the claim has been submitted.