Why are these items missed?
Until the Accountant, owner or leaseholder instigates the process of identification, (Room by Room survey with appropriate costing of these qualifying items) the items will remain unclaimed. This means a substantial benefit available to the Client will remain hidden.
The Accountant’s review normally begins and ends with analysing invoices and following the paper trail. Our Capital Allowance Expert will visit your property to identify items that are invisible within the paperwork.
Who can claim the benefit?
The tax benefit is available to the party that incurred the relevant expenditure or purchased the property. This could be an individual, a Company, Partnership etc.
How is the benefit claimed?
The claim is used to generate a tax refund where possible. It is used as a tax credit to reduce future tax liabilities. Capital Allowance Review Service ensures the tax benefit is incorporated in the most efficient way for the Client’s circumstance.
As part of our comprehensive service, once we have highlighted the unclaimed capital allowances we request any available tax repayments from HMRC. Capital Allowance Review Service submits the request to HMRC on behalf of the Client and provides support for a further 12 months.
Let Us Help You To Succeed
Allow Capital Allowance Review Service help you succeed by completing a room by room survey to unlock the hidden potential of a substantial tax saving.
“We spend January 1 walking through our lives, room by room, drawing up a list of work to be done, cracks to be patched. Maybe this year, we ought to walk through the rooms of our lives… not looking for flaws, but for potential” — Ellen Goodman
17 December 2021
Reduce Tax Liabilities for 2022The deadline is to complete Self Assessments for 2020/2021 and for amending 2019/2020 Tax Returns is 31st January 2022. We encourage you to explore whether you are in a position to claim any historical PEFFs hidden within your commercial properties. The changes in the CAA2001 legislation means it...
25 November 2021
New Headquarters, New Rebranded WebsiteWe are pleased to announce that we have moved to a new headquarters at Festival Park, Stoke-on-Trent, alongside launching a rebrand and brand-new website. We have seen both growth in the number advisors we support across the UK and within our team which has resulted in the need for larger office space. Our...
Our expert team are here to help answer any of your capital allowances questions or enquires you have about your commercial property.