At the point of acquisition or disposal of a commercial property, there is a substantial legal point that is hugely understated. If the right advice is not applied this could significantly impact the ability to secure unclaimed capital allowances.
Our Chartered Surveyors understand the property and are experienced in identifying property embedded plant & machinery.
Our Chartered Accountants complete the required level due diligence in the analysis of the Accounts, Tax Returns, Fixtures & Fittings, and Repairs & Renewals, etc.
We feel having Chartered Tax Advisors is a crucial part of having the ability to advise clients how best to utilise the identified unclaimed Capital Allowances. We have the ability to take into consideration their existing tax position, the potential for tax refunds and if applicable Group and Sideways Relief. We discuss their current tax position and the potential the identified Capital Allowances could have to improve their future tax position.
Plant & Machinery Valuations
Our policy is to utilise an Independent Quantity Surveyor to cost identified Capital Allowances relevant to the date of expenditure.
We communicate with all Client Advisors to ensure that all elements of their accounting history and tax position have been considered holistically. The 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.