Capital Allowance Claims

Did You know You Can Claim Capital Allowances From HMRC?

If you own a UK commercial property or a furnished holiday Let (FHL), and you are a UK taxpayer, there is a very strong chance you are legally entitled to a large tax rebate. Indeed, it is estimated that in 96% of these property transactions, people are not claiming their entitlement to capital allowances.

What Are Capital Allowances?

When you spend money buying or improving a property, HMRC allows you to offset some of that expenditure against your profits, or general income for tax purposes. HMRC provides tax relief for expenditure incurred by UK taxpayers on their Capital Investment in commercial and other qualifying types of property. Most UK businesses pay tax on their trading profits, and Capital Allowances allow them to reduce that tax liability by offsetting capital expenditure against those profits. This can result in either a refund of previously paid tax, mitigation of current taxes due, or a reduction in future tax liabilities, or both.

The Facts

  • The opportunity we are concerned with is the class of assets in the grey area between “movable” and “immovable” assets.
  • There is no time restriction on when you can claim these allowances.
  • Can be claimed retrospectively
  • Our specialist capital allowance claims company that works in collaboration with your existing advisers
  • maximise the tax refund available to you or your company
  • Typically we find Capital Allowances equivalent to 25% of the property’s purchase price
  • if we don’t secure at least £25,000 in unclaimed allowances- you are not charged

Will I qualify?

To claim capital allowances you (or your company) must satisfy the following criteria:

  • You are a UK taxpayer (either Income Tax or Corporation Tax)
  • You own one or more UK commercial properties (Not in a pension fund)
  • OR you own one or more furnished holiday properties either in the UK or EU
  • The original purchase price was at least £150,000 (£300,000 for furnished holiday lets).
  • You are not a registered charity
  • State of the art claim system

What's The Costs Involved?

  • Only 5% + VAT success fee of the unclaimed Capital Allowances identifie
  • Fair payment terms
  • No separate survey fee
  • Takes about 8 weeks to claim

Important Info

The past is not a reliable indicator of future performance. Investments, by their nature, are speculative and can be volatile and you should never invest more than you can safely afford to lose.

Information is for general indication only and is not intended to be relied upon by individual readers in making (or not making) specific investment decisions.

Appropriate independent advice should be obtained before making any such decision. My Money Mentor do not accept liability for any loss suffered by readers as a result of any such decision.