INDEPENDENT CAPITAL ALLOWANCES SPECIALISTS

Plant in Garden Centres: Claiming the Right Kind for Capital Allowances

By : January 20, 2016 Comments Off on Plant in Garden Centres: Claiming the Right Kind for Capital Allowances

Garden centres can benefit from additional tax relief on purchase and construction expenditure. There are around 2,500 garden centres in the UK. Most are full scale “leisure destinations” with some evolving from local nurseries to others being newly constructed. Not only do they provide a range of plants and garden furnishings, but additional facilities such […]

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Can an Accountant Claim the Capital Allowances without Specialist Support ?

By : January 12, 2016 Comments Off on Can an Accountant Claim the Capital Allowances without Specialist Support ?

Some accountants are bravely proclaiming they do not require specialist valuation support when clients buy or construct buildings. This article considers why this can be a dangerous economy which may result in PI claims. A             Property purchases – “My lawyer and accountant claim the allowances – why do I […]

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Enterprise Zones & Capital Allowances

By : December 9, 2015 Comments Off on Enterprise Zones & Capital Allowances

Enterprise Zones were reintroduced in 2012 to encourage economic growth and investment. Businesses basing themselves on Enterprise Zones can access a number of benefits: Up to 100% business rate discount worth up to £275,000 per business over a 5 year period Simplified local authority planning Government support to ensure that superfast broadband is rolled out […]

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Capital Allowances & Landlord Contributions to Tenant Fitting Out Works

By : December 2, 2015 Comments Off on Capital Allowances & Landlord Contributions to Tenant Fitting Out Works

It is sometimes essential to offer incentives to attract tenants to take space in a vacant property.  Typically these will be in the form of a general cash payment, contribution to tenant fit out or a rent-free period. Of these the contribution route can be the most tax efficient for the landlord as there is […]

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10 Key Qualities To Look For In A Capital Allowances Advisor

By : November 25, 2015 Comments Off on 10 Key Qualities To Look For In A Capital Allowances Advisor

It is becoming more and more likely that you or your clients will be approached directly by capital allowances advisors to review capital expenditure when properties are purchased or when construction expenditure is incurred.  This can be beneficial but is a more reassuring experience if you appoint the right firm. Here are 10 key qualities […]

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Capital Allowances within Private Member Clubs

By : November 11, 2015 Comments Off on Capital Allowances within Private Member Clubs

There is substantial worth of tax allowances within private member clubs. Significant savings can be achieved by considering capital allowances at an early stage. In-house accountants and tax advisors will be able to identify the apparent qualifying items of plant and machinery (P&M), such as furniture, kitchen equipment etc. When fitting out or refurbishing a […]

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Effective Dealing with HMRC for Capital Allowances

By : November 3, 2015 Comments Off on Effective Dealing with HMRC for Capital Allowances

There are 4 main areas of concern for HMRC with any Capital Allowances (CA) claim; entitlement, credibility, quantum and eligibility. Entitlement requires careful consideration of the tax history and appropriate valuation basis. Also considerations of the nature of trade and specific expenditure. Credibility issues can be reduced by submitting a fully detailed, cross referenced, well […]

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Capital Allowances within Restaurants

By : October 7, 2015 Comments Off on Capital Allowances within Restaurants

Restaurant owners are often overlooking substantial tax allowances.  This happens because their accountants and tax advisors may only pick up simple & obvious plant and machinery (P&M) items, i.e. chairs, tables, crockery etc. When fitting out or refurbishing a restaurant, the construction expenditure is generally not very well detailed for capital allowances, therefore not easily […]

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Capital Allowances within Nursing Homes

By : September 30, 2015 Comments Off on Capital Allowances within Nursing Homes

Introduction Nursing homes have substantial imbedded plant and machinery (P&M) items and repairs. However the less obvious items often get overlooked by accountants and tax advisors. Why does this happen? There are many obvious items of plant such as loose furniture and fittings which accountants can easily identify and segregate to allowances. However there are […]

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