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Action is being taken to re-open Kingscrest VAT claims for anyone who operated/inherited/traded a care home prior to 2002. This opportunity is available to new claimants and to those who have already claimed as their historic claims can be increased.
What’s different this time? The new claims will include private residents, go back to 1973 and attract interest payments from HMRC, and will not require evidence of expenditure or accounting records.
We speak to care homes every day who have received inflated bills from their energy suppliers and local councils. It is not uncommon for these businesses to have been overcharged for several years, or even decades. Our professional team of tax experts can analyse your utility and council tax bills and quickly determine your eligibility for a refund. Some of our clients have received refunds exceeding £40,000 within several weeks of contacting us.
Capital allowances are a valuable form of tax relief available for expenditure incurred in the buying or construction of commercial property. They are an uncontroversial tax relief, that effectively converts capital expenditure into tax-deductible trading expenses, for income or corporation tax purposes. To put it simply, they are a treasury funded discount on the cost of a property.
Our experience gained in over 25 years of claiming R&D tax credits and capital allowances, with a client base in excess of 20,000, indicates that in many cases R&D tax credits and capital allowances are under utilised. We have a proven track record of providing R&D tax credit and capital allowance services to professional introducers & accountants across all sectors of the UK.
Cost Care is here to support accountants and your clients - call our team of experts today and refer your client …
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