Important!
Furnished Holiday Regime Abolishment Update
After a long wait, we have finally received an update from HMRC about the abolition of the Furnished Holiday Let (FHL) tax regime.
Here is what HMRC have announced – “Businesses with FHL properties will no longer be eligible for more beneficial capital allowances treatment but will instead be eligible for ‘replacement of domestic items relief’ in line with other property businesses — where an existing FHL business has an ongoing capital allowances pool of expenditure, they can continue to claim writing-down allowances on that pool — any new expenditure incurred on or after the operative date must be considered under the property business rules.”
This means that if you have clients with an FHL, now is the time to reach out to us for advice on making a claim before it’s too late. Although there is no requirement to file a claim before the regime is abolished in April 2025, it is important to make any purchases related to planned improvements before this date. Learn more about the announcement.
We are the Capital Allowance specialists
Did you know businesses in the UK typically underclaim their capital allowance entitlement?
We specialise in reducing your tax liabilities, as well as recovering any outstanding tax paid against commercial property in the UK, that you have spent capital buying and/or improving.
Our expert team will work with you to establish whether a claim is possible. If so, we will deal with all aspects of the claim from start to finish, including dealing with HMRC after the claim has been submitted.
Our Expertise
-
-
Commercial Property Legal Pack
Whether you are buying or selling a property, our experts are here to help.
-
Section 198 Election
A Section 198 Election, of the 2001 Act, is a document that secures the Property Capital Allowance positions...
-
Full Expensing
Full expensing (FE) refers to a tax policy that allows businesses to fully deduct the cost of certain capital investments in the year they are made, rather than having to claim for the cost of those investments over several years.
Contact Our Team
Adhering to Code of Conduct Standards for RICS, RICS Registered Valuers, Chartered Tax Advisers & ICAEW Chartered Accountants.
Recent Cases
-
Catesby IC Property Ltd
Industry: Education & Office
- £3,200,000
- £498,391
-
- £12,000,000 +
- £1,662,199
-
- £23,457,881
- £4,127,252
See how much of a tax relief you could achieve
Capital Allowance Expertise for Accountants
Download Our Specialist Brochure for Accountants
With over 20 years of experience in Property Embedded Fixture and Fittings (PEFFs) claims, we have created a comprehensive brochure showcasing how accountants can benefit from our capital allowance support. As a trusted partner, we help you deliver optimal results for your clients through expert guidance on embedded capital allowances.
Discover the significant value of PEFF claims, learn to identify potential clients who can benefit, and explore our tailored packages designed to support you in managing these claims effectively. Unlock opportunities with capital allowance specialists and ensure your clients maximise the annual investment allowance benefits.
Download our Accountants Brochure
Our Awards
We’re an award-winning business and here are a couple of our most recent achievements as a team.
-
Best Independent Tax Consultancy Firm
-
Finalist Specialist Team of the Year
-
Property Tax Specialists of the Year
-
Property Tax Specialists of the Year
-
Best for Commercial Property Transactions
-
Freelance Award for SME R&D Tax Relief - UK
Why Choose Us?
At Capital Allowance Review Service, we specialise in property capital allowance recovery for businesses with unclaimed allowances on commercial properties.
We manage retrospective claims nationwide, delivering significant tax repayments and credits for future liabilities. Our team of experts stays updated on the latest legislation to ensure your claims are accurate and comprehensive, with a focus on identifying embedded capital allowances that may be missed in initial filings.
We maximise claims for a range of reliefs, including commercial property tax relief, holiday let capital allowances, and R&D capital allowances, ensuring businesses benefit from all eligible tax relief opportunities.
Duplicate Item Check
Removing items that have already received tax relief and ensure items are not submitted twice to HMRC.
Free Initial Assessment
Ensures we fully understand both the Clients tax position, expenditure and property/projects.
Amended Tax Returns
We amend tax returns so you or your Accountant do not have to and recover any tax refund for the client.
We Deal Direct With HMRC
Our team supports you in all aspects of the claim if ever challenged.
