HMA Tax provided my clients with an excellent service, identifying over £3m in allowances for them collectively. This has been a valuable exercise for my clients and for my firm.
Helping your Clients identify unclaimed Capital Allowances
Commercial property owners are often unaware that their property is holding thousands of pounds of unclaimed tax relief in the form of Embedded Capital Allowances. These are allowances on items of plant and machinery and integral features such as air conditioning, wiring and plumbing – essentially everything that would remain in the property if you tipped it upside down.
As long as your client owns a commercial property and they pay UK tax then they are entitled to claim. It is very unlikely that their Accountant or Solicitor will have already made a claim as a Chartered Surveyor will need to visit the property and a Chartered Tax Advisor prepare a report for acceptance by HMRC.
In a recent survey less than 25% of commercial property agents were aware of, or advised their clients, of the potential tax claim available when they buy, own or sell their investment. We can help.
Why partner with HMA Tax?
FREQUENTLY ASKED QUESTIONS
No, Capital Allowance claims do not effect the value of your property and don’t make any change to your Capital Gains position.
No, we submit all our claims to HMRC for approval and the refund comes from them. Our reports are very detailed and ensure HMRC have all the information they need when processing your claim.
Absolutely not. We look at claims for you on a results only basis, which means that if we do not find allowances that have been approved by HMRC, then we charge you nothing and any initial costs are covered by us. Our fee is completely linked to a successful outcome, so there is nothing to lose by investigating a potential claim.
Purchased for £250,000 with unidentified Allowances of £66,250.
Purchased for £650,000 in 2003 we identified Allowances of £193,000
Purchased for £1.6m in 2012. Allowances of £368,000 identified.