Capital Allowances

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Capital Allowances

• The Opportunity

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What are Capital Allowances?

• Capital Allowances
• Allow taxpayers to write off the cost of certain
  capital assets against taxable income or profits.
• They have been around since 1878, and are.
  currently contained within CAA2001

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Types of Tax Relief

• Plant Machinery
• Research Development Tax Relief
• Business Premises Renovation Allowances
• Landlords Energy Saving Allowances

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Making the Claim

• Shrouded by complex legistration
• Every building has them
• Statutory right to claim since 1878
• Specific skill sets to identify
• You have to identify
• You have to make the claim

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Why making a claim is difficult

• Lack of expertise
• Complex legislation
• Failure to classify expenditure correctly
• Misunderstanding of claims timing
• Requires a dual skill set of both a quantity
  surveyor and an accountant

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The purchase price of a building The difference
between first second fix

• Example 750,000
• General understanding of the above purchase
  750,000 No Tax Relief (HMRC)
• Our understanding is (In our example)-
• First Fix 500,000 plus Second Fix 250,000
  Purchase Price of 750,000
• CBTC identifies the 250,000 and claims this Tax
  Relief from HMRC on your behalf

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Highlights

• 96 of UK Commercial Property
• Successful claims history
• No report No fee

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Christopher Bailey Tax Consultants

• Specialist Tax Consultancy
• Retrospective, Current Year, and New Build
  Capital Allowance Claims
• We help clients claim THEIR MONEY back from the
  Government
• www.baileygroup.co.uk

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Our Unique Selling Points

• No report No fee
• Free report if we fail to identify less than
  20,000 of CA
• No up front costs
• No additional survey costs
• All inclusive fixed fee of 5 of identified CA
• Two payment options to help cash flow
• Only qualified surveyors engaged
• Compliant non confrontational HMRC approved
  reports
• Successful track record

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What is Qualifying Property

• Freehold Commercial property
• Furnished Holiday Let in the UK or EEA

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Qualifying a Commercial Property

• Purchase price at least 200,000
• Property Owner is subject to UK Tax
• Not held within a pension, government owned or
  Charity
• Paid Tax in the last 2 years or likely to pay Tax
  in the foreseeable future
• No previous Capital Claims have been made

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Commercial Property What can be claimed

• Plant Machinery strip out
• Heating Installations
• Gas and Electrical Installations
• Electrical Applications
• Communications Installation
• Security Installations
• Hot Cold Water Installations
• Waste Disposal Installations
• Ventilation Air Conditioning Installations
• Internal Fittings

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Claims can be retrospective

• There is No time limit on how far back you can
  go, in owning the property, and you can even go
  back two Tax years when claiming

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HMRC Approved

• Most retrospective Capital Allowance claims that
  we deal with lead to a-
• SIGNIFICANT TAX REBATE FOR THE CLIENT