FREQUENTLY ASKED QUESTIONS

Accountants are adept at claiming for invoiced expenses like office furniture and computers. However, a typical firm might not have the necessary resources or surveying skills to identify unseen capital items integral to a building’s fabric.

For properties bought or built before April 2014, there are no time restrictions on eligible claims. From April 2014, however, new rules introduced a tax year time limit where allowances have previously been claimed. We recommend urgent advice if your property falls into this category post-April 2014.

No. Property valuations do not consider these allowances. Yet, if allowances have been identified and valued, they might help negotiate a higher selling price in the future.

The duration varies from a couple of hours to a few days, depending on the property’s size. Our Surveyors aim to minimise inconvenience to your business during this process.

The survey costs are factored into our fees. There are no extra charges for a property survey, regardless of property size or quantity.

Providing floor plans and building reports before a survey can be immensely helpful. Such documents can often reduce the survey duration by up to 50%.

Since you know your property best, we’ll send you our Survey Review Form. This online form helps our Tax Specialists pinpoint property items eligible for Capital Allowances and those previously claimed.

Completing the Survey Review Form, a brief online questionnaire, only takes a few minutes. You only need your knowledge of the property, and no additional information is necessary.

No. The survey review form is crucial for an accurate Embedded Capital Allowance Claim. After its completion, our Tax Specialists can finalise your ECA Report. For service reviews, you can visit our Google Reviews page.

Please review the report for completeness and accuracy. Then, collaborate with us to plan the submission to HMRC.

You will typically receive your refund or relief within 28 days of submission to HMRC.

It’s crucial to contact us immediately. Unless appropriate clauses are incorporated into contracts before their exchange, valuable tax relief might be lost.

Yes, to be eligible for an Embedded Capital Allowance claim, you or your company should own the commercial property in the UK.

Yes Capital Allowances can be claimed on leased properties, however the benefit largely depends on the lease terms and who has been responsible for the capital expenditure. It’s best to consult with us for a detailed assessment.

HMA Tax combines the expertise of Tax Experts and Surveyors, ensuring a comprehensive and compliant claim process that stands up to HMRC scrutiny.

Renovations and additions can potentially qualify for additional allowances. It’s essential to have a survey conducted post-renovation to identify qualifying items.

Embedded Capital Allowances are primarily for commercial properties. However, certain types of larger residential properties or those used for business purposes might qualify. It’s best to consult with our team for clarity.

While it’s not mandatory, it’s always a good idea to keep your accountant informed as they handle your broader financial matters.

Our team ensures each claim is compliant and well-documented. Should HMRC have queries, we are here to assist and support you throughout the process.

No, our fees are transparent, and the property survey costs are included. There are no additional charges.

It’s a good idea to re-evaluate after any significant renovations, changes, or after a set period, e.g., every 5 years, to ensure all eligible items are identified and claimed.

Absolutely. If you or your company own multiple commercial properties, each property can potentially qualify for an Embedded Capital Allowance claim.

Embedded Capital Allowance claims are specific to properties in the UK. However, if your overseas property has UK tax implications, it might be worth discussing with our team.

Yes, we often collaborate with accountants and other professionals to ensure our clients receive comprehensive services.

We partner with some of the UK’s largest legal and accountancy firms as their preferred Capital Allowance Partner.

Absolutely. We prioritise the confidentiality and security of all client information. Our processes are GDPR compliant, and we maintain strict data security protocols and we are members of the ICAEW, a qualification that is globally recognised as the one of the highest standards of professional practice.

Starting is simple. Contact our team, and we will guide you through the initial assessment and the steps that follow.