Tax refunds and relief for retail property owners
Our service helps retail store owners identify unclaimed capital allowances and receive tax refunds. Our reports are guaranteed to be fully HMRC compliant to get you the maximum tax refund.
Retail property owners are often unaware that their building is holding thousands of pounds of unclaimed tax relief in the form of Embedded Capital Allowances. These are allowances on items such as fire alarm systems, security shutters, lighting, toilet facilities and counters – essentially everything that would remain in your property if you tipped it upside down.
As long as you own a commercial property and pay UK tax then you are entitled to claim. We specialise in Capital Allowances Tax Relief and our expert in-house team work exclusively in this niche area of taxation. On average it takes only 6 weeks from our initial meeting to you receiving your relief from HMRC.
Typically we would expect to find around 20% of the original purchase value of the property in previously unidentified Capital Allowances. £90K of allowances in a £450K property which translates as £36K in tax refund and/or reduction in future tax liability to a higher rate tax payer. So it’s an exercise well worth doing.
Why HMA Tax?
WON'T MY ACCOUNTANT HAVE ALREADY DONE THIS?
Probably not. It’s a highly specialised area of tax statute and requires very specific knowledge of this area as well as a specialist team that includes a chartered surveyor and a chartered tax specialist.
We partner with hundreds of Accountants & Solicitors across the UK to help their clients receive the maximum tax relief available. If we don’t already work directly with your accountant, we’d like to, so please ask them about our service.
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.