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Property Tax Reclaim on Outstanding Capital Allowances on Commercial Property

We, through our fellow group company Capital Allowances Online Limited, specialise in helping commercial property owners claim thousands of pounds of tax refunds and relief that they didn't realise they had.

Everyone, both accountants and property owners, believe they are claiming all the Capital Allowances they are entitled to, however, this is not the case.

Over several years of identifying Capital Allowances in commercial property, we have yet to find any situation where there hasn't been Capital Allowances claim potential. In fact, the opposite is true. The claims we establish usually run into tens if not hundreds of thousands of pounds.

All good routine accounting systems should regularly and properly identifying the Capital Allowances in ‘moveable’ items of plant and machinery but there are many pieces of plant and machinery that are inherently attached in or to the building and therefore classed as part of the property. These items are usually not identified or considered to be plant and machinery for the purpose of the trade and therefore  Capital Allowances are not claimed on them. These Capital Allowances translate into money property owners don't realise they have!

The Capital Allowance potential in a commercial property can be a considerable amount of money that property owners simply don't realise they have. It is often made particularly substantial by virtue of the fact that there is no time bar on how far back we can go to establish plant and machinery content.

A capital allowances claim on commercial property can generate a substantial cash tax repayment based on tax that has already been paid by the taxpayer. It therefore has an affect on cash inflow as well as cementing a forward tax credit available to offset against future profits that can significantly mitigate future tax liabilities.

Ensure your business has claimed all of the capital allowances that it is entitled to and Contact DPC Accountants today to arrange a meeting with a member of our team.

Require more information - click here or if you would like to ask us a question then call us on 01782 744144

To ask us a question online click here.

ICAEW

DPC is a trading name of DPC Accountants Limited.
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