Living in Singapore but hold a stake in the UK's commercial property scene? There's a high probability you're leaving significant tax relief on the table. From the central business district in Singapore to the streets of London, our dedicated Southeast Asian team is poised to help you tap into every tax relief your UK property is entitled to.
Holding UK commercial property when you’re in the heart of Asia brings its set of intricacies, especially concerning tax obligations. However, a many expats and UK investors remain unaware to lucrative tax-saving opportunities presented by a Capital Allowance claim.
These tax incentives grant you the ability to recoup a considerable fraction of the costs on certain qualifying assets, from installations to integral property features. Harnessing these allowances not only cuts down your taxable profits but can also trigger meaningful ongoing tax relief.
The journey of capitalising on Capital Allowances is highly intricate and requires expert advice, surveyors and due diligence for a maximised and compliant claim.
That’s where the expertise of HMA Tax becomes invaluable. Backed by our broader APAC team, overseeing your entire claim with our UK operations, we’re champions in guiding Singapore-based individuals to make the most of the UK tax framework.
By deeply understanding your unique position, we ensure that the Capital Allowance benefits are claimed in full.
A modern care home facility was acquired for £3.2m during the 2022 tax year.
We supported their solicitors throughout the transaction and identified £1.23m of previously unclaimed Capital Allowances.
Our specialist input allowed our client to utilise their entire £1m Annual investment Allowance, ensuring a first year benefit of £492,800.
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