The Assumption and the Reality
While it is often assumed that the necessary information for claiming capital allowances is readily available, the reality is that many businesses miss out on significant tax relief due to insufficient details. However, it’s not too late to remedy the situation if the criteria for claiming capital allowances are met.
Enhancing Capital Allowances
A Collaborative Approach
We recognise the expertise of the accounting profession in assessing capital allowances. Our aim is not to question their abilities but to introduce additional disciplines that can further enhance the level of tax relief claimed. A capital allowance survey is one such discipline that uncovers items not visible within the paperwork, leading to potential tax relief in unexpected areas.
Working Together for Optimal Tax Benefits
We collaborate closely with business advisors and accounting professionals to maximise tax benefits for their clients. Often, accountants face limitations due to the information provided to them, resulting in missed opportunities for maximising capital allowance claims and higher taxes for their clients. By working together, we can unlock the full potential of tax relief opportunities.
The Impact of Capital Allowance Surveys
Our experience shows that in about 90% of the cases we review, additional capital allowances can be extracted from Land & Buildings and property improvement costs. These findings play a significant role in a business’s tax planning strategy, providing a valuable avenue for tax optimisation and increased cash flow
Uncovering Hidden Savings
The PEFFs Review
Our specialised Property Embedded Fixtures and Fittings (PEFFs) review is designed to identify tax relief that might have otherwise gone unnoticed. This review is particularly advantageous for clients who have incurred substantial costs while acquiring and improving commercial properties.
The Numbers Don't Lie
During our surveys, we typically uncover 25% of property costs and 50% of property improvement costs that qualify for capital allowances. These findings are a game-changer, reducing tax liabilities and potentially recovering taxes that have already been paid.
The Benefits Extend Beyond Taxes
Taking advantage of capital allowances not only reduces tax burdens for businesses but also has a positive impact on the economy. With reduced tax liabilities, businesses have more funds at their disposal to reinvest in operations, expand their ventures, and create new job opportunities.
Pursuing a Potential Claim
A capital allowance survey is a vital step for businesses that have invested in commercial property. If you or your clients have recently made such investments, it is highly recommended to consider seeking the advice of a specialist to unleash the full potential of tax relief opportunities.
For more information on our free of charge PEFF claim review service, please contact us.
Take a look at some of our cases studies...
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Warehouse
Industry: Factory & Industrial
- £12,019,588
- £1,413,418
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New Build Warehouse
Industry: Factory & Industrial
- £6,345,724
- £1,342,570
-
- £916,421
- £548,799
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Widem UK Ltd
Industry: Factory & Industrial
- £252,794
-
Fitness Facility
Industry: Leisure & Retail
- £533,407
- £393,166
Latest News
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5 December 2024What Are Qualifying Activities for Capital Allowances?
Capital allowances are a key tax relief available to businesses for qualifying activities. They allow businesses to deduct the cost of certain capital expenditures related to these activities from their taxable profits, reducing their overall tax burden. However, not all purchases or investments qualify.... -
3 December 2024How Do CARS Assess Capital Allowances?
At CARS, we assess capital allowances and offer businesses and property owners a significant opportunity to reduce their tax liabilities by deducting qualifying capital expenditures. Here at Capital Allowance Review Service (CARS), we provide a thorough process to optimise these claims. Our goal is to...
Contact Us
Our expert team are here to help answer any of your capital allowances questions or enquires you have about your commercial property.