● Saves money - every £1,000 identified can provide £190 to £200 tax savings
● Increases the post-tax investment yield
● Property expenditure attracts significant capital allowances
Why we believe they would matter to you!
● An awareness of the high-quality service you already provide
● A straightforward & rewarding service to mention to your clients
● Relevant to all client types - investors, tenants, owner occupiers
Capital allowances is a form of tax relief available on UK property expenditure. The most popular category is Plant and Machinery allowances (PMAs)
Typical examples of Plant and Machinery allowances include:
● Heating
● Carpets
● Lifts
Legislation is contained in the Capital Allowances Act 2001, updates annually, supplemented by plant case law going back over 100 years. Interestingly, there is no definition of 'plant' provided in the legislation.
● Plant and machinery exist in virtually all kinds of commercial properties:
● Not just offices
● Hotels / Conference centres
● Retail
● Industrial Premises
● Nursing / Care homes
● Student accommodation blocks
● Shopping centres / showrooms
● Cinemas / Theatres
● Data Centres
● Racecourses / Sports grounds / Leisure centres
PMAs are not available on residential dwellings.
● We are chartered quantity surveyors, experienced in capital allowances
● Combination of property and tax backgrounds
● Senior personnel actually undertake work / instructions
● Fees are linked to client's cash and savings and "no saving - no fee"
Capital Allowance tax Relief, Integral Features● Capital Allowances tax relief offsets the hidden expenditure in your commercial company
● Typically, this includes elements such as air conditioning, wiring, lighting, and security systems - essentially everything that would remain in the building if you tipped it upside down!