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A significant opportunity to boost your clients financial position! Here we share key areas of confusion and misconceptions that are often raised when supporting accountants across the UK with the tax benefit associated with Property Embedded Fixtures & Fittings. Definition of Property Embedded Fixtures and Fittings (PEFFs) Property Embedded Fixtures and Fittings (PEFFs) is a…

Supporting Advisors with Capital Allowance claims Accountants/Advisors have an important role to support their clients during these uncertain times and are no doubt looking to increase cash flow where possible.  Capital Allowances are a tax relief that can help to reduce tax pressures for those businesses facing financial challenges and it is our aim to ensure we help by giving the…

Allowances and tax credits help a business to survive by claiming the tax breaks the government makes available. An example being the investments you’ve made in building commercial or business-related structures, with Structures and Buildings Allowance (SBA), you get tax relief against your cost to grow and expand your business. Here, we explain more about…

Our Director’s update on Capital Allowances It’s hard to believe that we’ve been in lockdown for more than 3 months and as we look forward to the gradual easing of the restrictions – I want to take the time to remind you that we’re here if you need us, in particular, if you would like…

Step By Step Guide to Capital Allowances Follow our step-by-step guide to understand how to claim capital allowances for your clients and how to avoid some common pitfalls. What qualifies for capital allowances? If your client has spent capital buying, and/or improving commercial property, they may be entitled to tax relief.  A proportion of the…

Taking Advantage of Capital Allowances Over recent months, the team at Capital Allowance Review Service has successfully completed claims for many clients, old and new, securing them on average, more than an incredible 30% of their property costs! It’s beneficial to bring in the Capital Allowance specialists to complete an analysis of expenditure and carry out…

A constructive and valuable way that accountants can help clients It has been reported in recent news, that many SMEs are unlikely to meet the tax liabilities in six months’ time as a result of the Covid-19 pandemic and are forcing businesses to adapt its strategy to survive the ongoing financial crisis. Help clients to…

Capital Allowances Overseas Landlord An Overseas Landlord is taxed on UK property gains from April 2019, there has never been a more important time for property owners and advisors to be aware of the tax advantages available via Capital Allowances. Changes in legislation have focused property owners, and their advisor’s attention in recent years resulting in…

Unlock Hidden Cash in your Property We can imagine, like us, you are currently adapting to the new ways of working (and living). We realise many businesses will be affected by the pandemic so wanted to share some thoughts on a solution to better work together during this time.  We would welcome your thoughts in…

Capital Allowance changes 2020 The Chancellor announced a number of changes to Capital Allowances at the Budget 2020 yesterday. Key Changes to Capital Allowances are: Structures and Buildings Allowance (SBA) SBA was introduced on 29 October 2018 will be increased from 2% to 3% per annum from 1 April 2020 (companies) and 6 April 2020…