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The Concept of PEFFs
Find out below exactly what PEFFs are, how they are missed, and how we can help. -
50% First Year Allowance (50% FYA)
The 50% First Year Allowance or 50% FYA is a new tax relief. Introduced by the Government to encourage... -
Full Expensing (FE)
Full Expensing (FE) refers to a new tax policy. This policy allows businesses to fully deduct the cost... -
Information for Accountants
Accountants regularly and comprehensively claim capital allowances on movable items based on invoices... -
Misconceptions about Property Capital Allowance claims
Capital allowances are complicated with many misunderstandings and misconceptions. As a result, we come... -
Information for Solicitors
Solicitors regularly act in the matter of conveyancing property between two parties. Where it is a commercial... -
Buying & Selling Commercial Property
Capital Allowances allow commercial property owners to claim qualifying items of capital expenditure... -
Section 198 Election
A Section 198 Election, of the 2001 Act, is a document that secures the Property Capital Allowance positions... -
Guidance on Commercial Property Standard Enquiries (CPSE.1)
CPSE.1 or Commercial Property Standard Enquiries is a key document for those buying and selling a property.... -
Super-deduction
The introduction of the super-deduction has given companies a strong incentive to make additional investments... -
Structures and Buildings Allowance (SBA)
Allowances and tax credits help a business to survive by claiming the tax breaks the government makes... -
The Annual Investment Allowance (AIA)
The Annual Investment Allowance (AIA) was introduced in 2008. AIA is used to deduct the full value of... -
Enhanced Capital Allowances (ECA’s) on Energy Saving Spend
**Please note the Enhanced Capital Allowance (ECA) Scheme ended in April 2020 and allowances are no longer...
Partnering with Specialists
How we can add value to your service
At CARS, we work closely with several accountants and financial advisors. Providing our expert advice on the topic of Capital Allowances. Our team has a substantial understanding of how to navigate the tax landscape when it comes to commercial properties.
If your clients have recently engaged in the purchase, construction, or renovation of a commercial property, our specialised process is designed to optimise potential tax relief for them.
The Process
1. Assessment and Evaluation:
Our first step is a thorough assessment of your client’s property transactions. We analyse every aspect to determine the eligibility for capital allowances. This includes reviewing all expenses related to the purchase, construction or renovation of the commercial property. Our goal is to work alongside accountants and provide another level of assessment. Focusing on capital allowances, and identifying every opportunity for tax relief.
2. Strategic Tax Planning:
Once eligibility is established, we work with you to devise a strategic tax plan that aligns with your client’s financial goals. Our experts are well-versed in the latest tax legislation, ensuring that your clients not only claim the allowances they are entitled to. But also optimise their tax position for maximum savings.
3. Reducing Tax Liabilities:
By leveraging our expertise, you can guide your clients through the complex tax codes and help them minimise the financial impact of property investments on their overall tax obligations.
4. Recovery of Tax Paid:
In instances where tax has already been paid, we specialise in identifying opportunities for retrospective claims. Our meticulous approach ensures that no eligible expense is overlooked, allowing your clients to recover any tax payments made concerning their commercial property transactions.
Working with CARS
How we support accountants and advisors
We are not just a service; we become your partners in navigating the complex topic of Capital Allowances. Our dedicated support team is always ready to assist you, answering queries, providing clarifications, and ensuring a seamless collaboration. We aim to provide expert support for accountants and financial advisors, ultimately benefiting your clients and their tax position.
Our Expertise
How we can work together
Our team comprises professionals with a deep understanding of property capital allowances. We stay up tot date with the ever-evolving tax regulations to provide you and your clients with the most accurate and up-to-date advice.
We understand the importance of time in the world of tax planning. Our streamlined processes ensure a swift yet thorough assessment, allowing you to provide your clients with timely and accurate guidance.
