As we know from speaking with our clients, many of you are concerned about the long term effects of the pandemic, especially on finances and with those concerns in mind, I want to take this opportunity to reassure you that Capital Allowance Review Service will continue to help businesses to relieve these financial pressures.
Many of you have been in touch already and we’re really pleased to have secured welcomed tax savings for you!
Here are just a few examples from recent case studies:
- A property investor and developer acquired two properties between 2018/2019. Our client welcomed a tax saving from £211,605 of unclaimed capital allowances.
- Two care homes were built by our client during 1999 and 2009 and we identified a significant £656,718 of unclaimed capital allowances.
- A public house purchased and converted to 10 serviced apartments in 2014. Our client received a staggering tax saving from £553,299 unclaimed capital allowances that we identified.
- Tom, a property investor, built a Holiday Let and received a tax saving from £75,572 of capital allowances from expenditure incurred.
The end result being that the value of hidden capital allowances can add up to a substantial amount – our average claim is around 25% of acquisition costs and 50% for property improvement/development expenditure.
How to reduce your tax liabilities
Understandably, cash flow may be tight for many at the moment, but please think carefully before ruling out the possibility of claiming the additional capital allowances. You have the control to grow your finances and what better way to address the opportunity of claiming back what you’re entitled to.
- 29 September 2022
Introducing Lee!We have big plans for the future at CARS! To help us expand, both locally and nationally we required expert support. To accomplish this level of growth, we’re pleased to welcome our new Head of Business Growth, Lee Parker. Lee has numerous years of experience in business development and brings...
- 27 September 2022
Behind the Scenes with a former HMRC InspectorAs part of our specialist team, we are pleased to introduce you to Mark Doodney. Mark works within our technical team and provides invaluable insights into how HMRC may view our approach with particularly technical or quirky cases. Essentially, Mark is key in ensuring claims are processed in accordance...
Our expert team are here to help answer any of your capital allowances questions or enquires you have about your commercial property.