Complete Business Solutions

Frequently Asked Questions

Most accountants will file capital allowance claims for appropriate capital expenditures and will provide capital allowance advice. It would be best to speak with tax and surveying specialists to claim capital allowances on fixtures permanently attached to a structure.

We prepare claims that fall beyond an accountant’s expertise, and it calls for tax and surveying professionals. Property owners who file a claim for capital allowances for fixtures often receive a cash rebate from HMRC and hire a specialised firm to put the application together.

Your accountant will claim everyday objects like curtains, TVs, fire extinguishers, and furniture. However, until a thorough property examination has been done, you could overlook claims for capital allowances that could be pretty significant.

Your accountant will claim everyday objects like curtains, TVs, fire extinguishers, and furniture. However, until a thorough property examination has been done, you could overlook claims for capital allowances that could be pretty significant.

We prepare claims that fall beyond an accountant’s expertise, and it calls for tax and surveying professionals. Property owners who file a claim for capital allowances for fixtures often receive a cash rebate from HMRC and hire a specialised firm to put the application together.

This is a common query from clients and their advisors. The simple answer is that the capital gains assessments are unaffected by the property’s sale. You may still deduct the entire purchase price from the selling proceeds even if capital allowances have been utilised.

It would be best if you claimed immediately. Give us a call and get the process started without delay.

Yes, you can still make a claim providing it was sold within the last two years.

There are no hidden fees or costs, and should a claim be unsuccessful, there will be no charge.

We do not, however, proceed with claims that do not meet the requirements of the applicable tax legislation. Your tax return and the claim report are forwarded to HMRC jointly. Because the report fully reveals the criteria for eligibility for tax relief and the methods employed, HMRC inquiries are uncommon. The report’s disclosure reduces the likelihood of fines or discovery assessments.

Property owners can apply for tax relief if they satisfy the legal requirements. It is part of our service to respond to HMRC’s inquiries when they arise.

We do not, however, proceed with claims that do not meet the requirements of the applicable tax legislation. Your tax return and the claim report are forwarded to HMRC jointly. Because the report fully reveals the criteria for eligibility for tax relief and the methods employed, HMRC inquiries are uncommon. The report’s disclosure reduces the likelihood of fines or discovery assessments.

Both you and your accountant are not required to put any effort into the process because it is simple to follow. Our experience and methods ensure that the claim is processed with the least disruption to you or your business.

The tax return in which the claim is lodged is subject to revision (typically last year’s). Our claim has no bearing on any other tax returns that have already been filed. HMRC can only look into the tax return we file; inquiries into past years’ submissions are unaffected.