capital allowances claims

Capital Allowances Claims

“It’s your money not the HMRC’s”

www.curtisplumstone.com e.mail:- info@curtisplumstone.com

Business Model

AgentsAccountants

Commercial BrokersCommercial Agents

SolicitorsIFA’s

+Strategic Partnerships

Commercial Property Owners

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What are Capital Allowances ?

Capital Allowances are allowances which protectprofits or income from taxation.

They are obtained by valuing the plant & machinery (P&M) & integral features within commercial property.

Their use is governed by the Capital Allowances Act 2001 but their origins date back to the 1870s.

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What are the benefits for the property owner?

You may be due a sizeable tax rebate!

You will benefit for many years from reduced tax bills!

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What types of property attract Capital Allowances?

• Any commercial property used with the intention of making profits which are taxable including:-

Offices Petrol Stations

Hotels Furnished Holiday Lets

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Care & Nursing Homes

Public Houses

Industrial Units Restaurants

Retail Outlets / Warehouses / Showrooms / Bed & Breakfasts / Theme ParksDoctors & Dentists Surgeries………… etc……….etc.…….etc.

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What about leaseholders?

• Even if you lease a building rather than own it you can claim

capital allowances on any major refurbishments:-

What about leaseholders?

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You can claim capital allowances on new build projects as the expenditure is incurred.

What if I build a commercial property?

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What is plant & machinery?

Plant and machinery can include anything within a property which supports the business such as the following examples:-

Emergency Lighting Boilers Aerials Burglar Alarms Fans & Heaters Freezer Rooms Lighting Fittings & Lamps

Smoke Detectors Sanitary Installations Generators

Soft Furnishings Switchboards CCTV Cameras Specialised Floor Coverings Kitchen Equipment

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Integral Features

For property constructed or purchased since April 2008 you have also been able to claim for integral features as below:-

An electrical system (including a lighting system)

A cold water system

A space or water heating system, a powered system of ventilation, air cooling or air purification, and any floor or ceiling comprised in such a system

A lift, an escalator or a moving walkway

External solar shading.www.curtisplumstone.com

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We can undertake a FREE HIGH LEVEL REVIEW of your Capital Allowances position letting you know the potential benefit and the predicted fees.

We only engage surveyors who are dual qualified being both members of the Royal Institute of Chartered Surveyors (MRICS) and the Association of Tax Technicians (ATT).

Your claim is dealt with by one person fully qualified and experienced to undertake the whole process.

Our fees are always competitive allowing the property owner to achieve the maximum financial benefits. Also NO CLAIM EQUALS NO FEE.

We work in harmony with your existing professional advisors for your benefit.

www.curtisplumstone.com E-mail:- info@curtisplumstone.com