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
- 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.