Capital allowances are an often missed form of tax relief available to commercial property owners.
Our aim is to assist property owners and their advisors in making sure that you are not missing out on something which is regarded as a rightful entitlement. Choose your field to understand how Roger Hannah can assist further:
We answer all the important questions for property owners including the 5 steps required to maximise their financially beneficial tax relief.
We understand the challenges when progressing a claim and we're here to alleviate that difficulty, because ultimately it is vital that tax returns are completed correctly and your clients claims are maximised.
We summarise the 2012 and 2014 Government Legislation rule change and the direct impact that it demands for solicitors and their clients.
Capital allowances are tax savings available on certain items of a commercial property. Examples include, but are not limited to, kitchens, heating installations, sanitary systems, hot water systems, fire alarms, air conditioning and lifts.
The job of identifying eligible capital allowances falls between the role of an accountant and a surveyor. Understanding both the complex tax legislation covering this area, and being able to inspect and value all qualifying items are skills rarely held by a single company.
Many accountants and chartered surveyors have therefore not been in a position to properly advise their clients on whether a Capital Allowances claim can be made, often it is just overlooked. At the time of most property transactions, relevant Capital Allowance paperwork is often incomplete and with the introduction of the ‘new’ rules could cause issues with your future eligibility to claim.
This is why BDO LLP and Roger Hannah have teamed up to ensure our clients fully benefit from a maximised Capital Allowances claim.