Strict Standards: Only variables should be assigned by reference in /var/www/vhosts/jamesstanley.co.uk/httpdocs/templates/luxon/vertex/responsive/responsive_mobile_sidebar.php on line 8
Capital Allowances
Capital allowances are the tax deductible equivalent to depreciation included within your financial statements.
 
Whilst identifying and claiming capital allowances is a standard procedure for accountants, research shows that only 70% of fixtures are accounted for. This is due to the tax legislation and the wide range of items to claim that in many cases are simply not known.
 
Industry sectors that often miss out on maximising their entitled tax relief include doctors, dentists, are care homes with specific items such as heating, ventilation, fire safety and lifts not being correctly valued. 
 
By using this practice we deliver the following customer service to ensure we maximise your tax relief;
 
  • survey properties and quantify all items qualifying
  • call on capital allowances specialists to produce all necessary reports
  • assisting you with HMRC submissions
  • act as your agent for any subsequent HMRC correspondence
So if you are moving into a new commercial property or just generally acquire fixtures and fittings, integral features or energy efficient equipment, contact us now to find out what tax relief you are really entitled to.