Capital Allowances

Where property is purchased or developed for commercial reasons, our experience indicates that in many cases capital allowances are under utilised and, as a consequence, are often under claimed. The importance of maximising capital allowances for integral plant and machinery in buildings has become increasingly important as an effective means of reducing the tax liability and obtaining tax refunds in the case of historic expenditure. Ensuring an entitlement to claim and maximisation of capital allowances available for different properties requires a specialist approach and a unique combination of skills.

Cost Care are well experienced in this strategy, the whole of the claim being carried out ‘in-house’ by those with the necessary technical knowledge and experience to maximise the claim and negotiate with HM Revenue & Customs should this be necessary. Having been established since 1995 we have completed in excess of 1,000 claims generating in excess of 125 million pounds worth of additional allowances. We are currently working on claims both for direct clients and accountancy professionals.

The capital allowances tax regime changed significantly from April 2008. The new rules provide opportunities for commercial premises owners to re-evaluate their approach and to adopt a robust stance on minimising tax costs and improving tax cash flow.

There are no problems, no catches - this is just good business sense.

Presently there is no time limit on claims, however this may change. To avoid losing out act now by calling Nichola Bairstow on 0161 904 0044
or alternatively email ca@costcare.co.uk

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