Tuesday, 24 May 2011

NEW VENTURE CAPITAL ALLOWANCES

Faithful Inventories are partnering with Capital Allowances and Tax Recovery Ltd to offer a fantastic new service ensuring that you are claiming all your capital allowances on commercial properties that you are entitled too. While Accountants will do the normal capital allowances there are reliefs that they do not have the expertise to carry out and our new partnership does. All I ask is that you fill out the application form and let us do the rest if there are no relief's to be claimed then you have no fees to pay no matter how much work we have done! Nothing can be fairer than that.

We’ve recently seen people save hundreds of thousands of pounds of tax so let us do the same for you for no upfront fee and no tax savings no fees.

What Are Capital Allowances?
When you spend money buying or improving a property, HMRC allows you to offset some of that expenditure against your profits, or general income for tax purposes. By allowing a retrospective or current acquisition claim based on the purchase price. It is not a contentious tax avoidance scheme or loophole but is based on established UK statutory law dating back to 1878. You are not a “Guinea Pig” as thousands of cases have already been submitted and paid out.


For further information on capital allowances legislation, view the Capital Allowances Act 2001 (CAA01). Before that it was mainly in CAA90 apart from the legislation about patents and know-how, which was in ICTA88 Chapter 1 Part XIII. These can be found on HMRC website.


We are seeing growing numbers of members taking this service on board and generating significant tax rebates for owners of either UK Commercial Property or / and Furnished Holiday Let’s in the EU.
This is a most valuable service and one that should be positioned with your corporate clients when discussing “tax planning”. We have found from experience over time, that most accountants do not operate capital allowances to the maximum, in particular the “intrinsic” and “immoveable” parts within premises are often overlooked. Our focus is on these and the “installations” present in the building. Typically we are seeing average rebates for clients around £65,000.


Clients pay no initial fee upfront, unless an Foreign Holiday Let, all fees are normally due on the presentation of the actual Capital Allowance report which details the claim for the property owner. The cost of the report is 5% of the allowances identified, along with a survey fee.
Recent Claims:
1. Offices – Purchase Price £190,925 – Capital Allowances £53,647
2. Nightclub – Purchase Price £1.2m – Capital Allowances £288,359
3. Showroom – Purchase Price £351,957 – Capital Allowances £68,320
4. Apartment – Purchase price £190,000 – Capital Allowances £46,954
5. Hotel – Purchase Price £495,000 – Capital Allowances £128,747

So WHAT TO DO NEXT EMAIL ME AT office@Faithful-inventories.com or call 07886649559 and we can take it from there NO FEE UNLESS A SAVING OF OVER 25K FOUND!!

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