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
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Latest News
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1 October 2024Our Founder, Paul Roberts, Retires From CARS
Over 25 years ago Paul Roberts founded our company and created the successful firm it is today. It is with mixed emotions that we announce Paul’s retirement from Capital Allowance Review Service (CARS). While we will miss his leadership and unique sense of humour, we recognise that he deserves to spend... -
12 September 2024
The High Cost of Overlooking Capital Allowances
Understanding tax benefits and capital allowances is crucial in the world of property investment. Overlooking these aspects can result in significant financial losses. This article explores a real-life case where a couple’s lack of knowledge and expert advice led to a costly mistake. Early involvement...
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Our expert team are here to help answer any of your capital allowances questions or enquires you have about your commercial property.