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.
We partner with hundreds of solicitors from the UKs largest legal practices.
Solicitors are responsible for s198/199 accuracy.
Many Solicitors are facing litigation for the consequential loss of tax savings due to inaccurate or poorly advised entries. But we can help. Our fully integrated online solution takes only minutes to complete and provides total indemnification for your company.
We provide a completed s198 or s199 form after assessing the capital allowances position of your Client’s property. Our system is fully traceable with real-time information available via your custom online dashboard.
The Finance Bill 2012 radically changed the rules for claiming capital allowances on commercial property. The transitional period that ended in April 2014, means that you now must be complying with the legislation.
There are new obligations on both seller and buyer to agree the capital allowances position or they risk losing the benefits forever – potentially costing parties many thousands of pounds in tax relief and negatively impacting the future value of the property.
Why partner with HMA Tax?
FREQUENTLY ASKED QUESTIONS
We only need basic contact details for your client and details of the property they are buying or selling. These include last purchase price, ownership details and purchase date.
If there is no claim potential then we will provide you with written confirmation of this and the appropriate information for the s198/199 entries.
Yes! These will be sent directly to you once we have confirmed your client’s position.
We have completed hundreds of claims with a 100% approval rate with HMRC. We also have a team of qualified Accountants, Tax Advisors and Surveyors. And of course we have appropriate PI cover.