24 October 2022

Working out your Capital Allowance Claim with the CARS Claims Calculator

We understand that many businesses look into potential capital allowance claims. But, for many businesses, the information and process can seem overwhelming. UK Businesses can claim various capital allowances, but there are certain requirements that must be met. So for anyone who doesn't work in tax, the whole process of making a claim could be confusing, as well as anticipating how much could be claimed. For CARS clients, you don't need to have a great understanding of capital allowances, as we complete all the hard work for you. We pride ourselves on being tax specialists and experts, and our team has over 20 years of experience and a 100% success rate. We provide support throughout the whole process. Ensuring that our clients are kept well-informed and our attention to detail is second to none.

Our Claims Calculator

Many of our claims start with our clients using our Claims Calculator. This calculator was developed to allow potential clients to understand whether they could make a capital allowance claim. Our claims calculator requires just a few pieces of information. It takes the information you provide to give you an approximate claim amount.

Our Claims Calculator consists of 3 steps:

Information on the purchase of the property & improvements

Firstly, we ask about the property type.

This could include dental surgery, a hotel, offices, or a sports centre. Then we want to know information on when the property was purchased, and how much it cost. Next, the circumstances surrounding the purchase e.g. whether the property was built, bought, leased, or inherited. Finally, we need to know whether you’ve spent any money on improving the property.

Information on what the improvements to the property were, profits and the future of the business

Next, we’d like to know about expenditure on the property.

Following on from the last step, we want to know what entity has spent capital on buying or improving the commercial property. This could be a sole trader, partnership, or limited company. We’d like to know your tax rate, and whether any tax has been paid on profits or income in the past 2 years. We also need to know whether your business is forecasting taxable profits for the year. As well as if you’re planning to sell the business in the near future.

Your contact information

Lastly, we want to ensure that we have your contact information so we can get in touch about your potential claim. Please note, that we will not bombard you with messages, but we’d simply like to see whether you’d like to know more about a capital allowance claim.

See how much of a tax relief you could achieve

Use our online claims calculator

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