The Assumption and the Reality

While it is often assumed that the necessary information for claiming capital allowances is readily available, the reality is that many businesses miss out on significant tax relief due to insufficient details. However, it’s not too late to remedy the situation if the criteria for claiming capital allowances are met.

Accountant working through paperwork

Enhancing Capital Allowances

A Collaborative Approach

We recognise the expertise of the accounting profession in assessing capital allowances. Our aim is not to question their abilities but to introduce additional disciplines that can further enhance the level of tax relief claimed. A capital allowance survey is one such discipline that uncovers items not visible within the paperwork, leading to potential tax relief in unexpected areas.

Increasing

Working Together for Optimal Tax Benefits

We collaborate closely with business advisors and accounting professionals to maximise tax benefits for their clients. Often, accountants face limitations due to the information provided to them, resulting in missed opportunities for maximising capital allowance claims and higher taxes for their clients. By working together, we can unlock the full potential of tax relief opportunities.

Chris Roberts welcoming a client

The Impact of Capital Allowance Surveys

Our experience shows that in about 90% of the cases we review, additional capital allowances can be extracted from Land & Buildings and property improvement costs. These findings play a significant role in a business’s tax planning strategy, providing a valuable avenue for tax optimisation and increased cash flow

A property survey being completed

Uncovering Hidden Savings

The PEFFs Review

Our specialised Property Embedded Fixtures and Fittings (PEFFs) review is designed to identify tax relief that might have otherwise gone unnoticed. This review is particularly advantageous for clients who have incurred substantial costs while acquiring and improving commercial properties.

PEFFs

The Numbers Don't Lie

During our surveys, we typically uncover 25% of property costs and 50% of property improvement costs that qualify for capital allowances. These findings are a game-changer, reducing tax liabilities and potentially recovering taxes that have already been paid.

Bag full of money

The Benefits Extend Beyond Taxes

Taking advantage of capital allowances not only reduces tax burdens for businesses but also has a positive impact on the economy. With reduced tax liabilities, businesses have more funds at their disposal to reinvest in operations, expand their ventures, and create new job opportunities.

CARS team meeting

Pursuing a Potential Claim

A capital allowance survey is a vital step for businesses that have invested in commercial property. If you or your clients have recently made such investments, it is highly recommended to consider seeking the advice of a specialist to unleash the full potential of tax relief opportunities.

Team image with client testimonial
For more information on our free of charge PEFF claim review service, please contact us.

Latest News

  • Jeremy Hunt
    6 March 2024

    Spring Budget 2024: Changes to Capital Allowances

    On Wednesday 6th March 2024, Jeremy Hunt, a key figure in fiscal policy, revealed the Spring Budget for the year. This announcement always demands the attention of businesses across sectors. As the dust settles, it becomes important to identify the changes that are going to impact the financial strategies...
  • Accountant working through taxes
    29 February 2024

    Capital and Revenue Expenditure: The Tax Implications

    In financial management and accounting distinguishing between capital expenditure and revenue expenditure is crucial for accurate financial reporting. This differentiation becomes even more significant when considering tax implications. Especially in the context of capital allowances. Understanding these...

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