Maximise your profits
Make sure you are claiming the full value of your capital allowance tax relief entitlement, and claiming your full R&D tax credit payment from HMRC.
We know from experience many owners and users of commercial property vastly underestimate the definition of plant for capital allowance purposes. By using the services of specialist, chartered surveyors and qualified tax advisors, it is possible to secure tax relief of up to 35% of acquisition costs and up to 70% of any refurbishment costs. Capital allowances are a tax deduction to allow for the wearing out of plant and machinery over time. Within buildings the tax definition of plant and machinery includes integral items, such as heating and cooling systems, electrical systems, alarm systems, lighting, sanitary ware and lift equipment. These are often overlooked by non specialist accountants. Working with specialist tax advisors and Chartered Surveyors, we can identify and categorise all the assets that will qualify for capital allowances, and therefore reduce the UK tax liability of the owners or users of commercial property. This service includes the identification and valuation of the assets qualifying for capital allowances, a detailed valuation report to be included within you tax returns and negotiation with HMRC to agree the claim (if required). We offer our clients a free of charge audit, to establish the levels of unclaimed entitlement within your commercial property. Fees are contingency based against the value of the tax relief uncovered. Fees are always discussed and agreed in advance, so you will always be better off using this specialist service, than not.
Research and Development Tax relief
Links Agents with our partners have identified and valued millions of pounds in research and development tax credit entitlement, for companies across a wide range of industries, to increase company profits.
This success is achieved by instructing specialist qualified accountants and tax advisors. Frequently the entitlement we identify is over and above that previously identified by non-specialist advisors and accountants.
Many companies are familiar with the benefit of claiming Research and Development tax credit entitlement. However, teams of industry trained specialists, qualified accountants and tax advisors, will use their experience and expertise to help you fully identify all your qualifying expenditure.
The valuation methodology is technically based rather than accounts based, with specialists identifying and valuing all your entitlement, under HMRC definition of R&D expenditure (this is much wider in definition than is general understood).
Because we work on a contingency fee, which is based on the identification of previously unclaimed qualifying expenditure, you have nothing to lose by reviewing you R&D entitlement with us.
You are probably aware unlike other tax relief opportunities, there is a time restriction on submitting your claim; therefore, it is important you review your rights to claim in good time, before your yearend. Claims must be filed within 2 years of the relevant accounting period. If you do not claim your rebate within this period, you will lose the right to claim any overpaid tax.
Stamp Duty Land Tax
Stamp Duty Land Tax is complex.
It’s calculated on a ‘stepped’ system. Often a surcharge can apply. However, there are a raft of different exceptions, reliefs and qualifying criteria that can be taken into consideration.
It is usually calculated by solicitors (who are not tax advisors) using the standard government guidance. Incredibly, HMRC’s Stamp Duty calculator doesn’t include most of the exceptions. As a result, solicitors who use this tool often inadvertently miss the opportunity to reduce the tax bill, and too much Stamp Duty is paid.
Our tax advisers can assess every aspect of your property to ensure you claim everything to which your property is entitled.
Often, the solicitor may reduce the purchase price by the negotiated value of sundry items. However, this isn’t the right way to do it. The correct tax valuation method involves assessing the tax value of these items on a different basis. Your solicitor may not have the valuation skills to do this and therefore simply relies on any negotiated value agreed at the time of purchase.
Our expert tax surveyors can accurately apportion the true tax value of the qualifying items of your purchase. This usually reduces the value of the property for Stamp Duty purposes and for many people, it results in a Stamp Duty refund.
Please note you only have 12 months from the date of purchase to submit your claim.
Please contact us:
Phone: 0207 846 1974