Ever get the feeling you are being fleeced by HMRC? You may be due a tax refund from unclaimed Capital Allowances.

Capital Allowances are a form of tax relief for qualifying capital expenditure. At CA Advisory Services we identify capital allowances within the fabric of commercial properties and farm buildings that may have been missed by your accountant when compiling annual accounts. Qualifying expenditure covers anything from embedded fixtures and fittings within a commercial property to a complete, fully functioning building.

Do you own any of these types of buildings and are you sure Capital Allowances have been fully claimed?

• Buildings that store crops in a temperature and humidity controlled environment.
• Buildings that contain fixtures and fittings that perform any function.
• Farm buildings converted to Furnished Holiday Lets
• Farm Land and Buildings that have been repurposed for another business such as Farm Shop, Wedding Venue, Restaurant, Pub, Golf resort, etc

Qualifying items include;

• Space heating and humidification systems
• Refrigeration, cooling and ventilation equipment

• Powered systems for air cooling and purification

• Energy saving systems – LED lighting, solar panels
• Ironmongery
• Sinks, baths, showers and sanitaryware
• Intruder alarms, fire alarms, sprinklers
• Mezzanine floors and moveable partitioning
• Decorative assets providing “ambiance”

Process

• Initial evaluation discussion between client/CAAS
• Due diligence to establish legal entitlement of claim
• Engagement with Client – no fees are payable until the work is completed (except Surveyor)
• Forensic survey to identify all qualifying items.
• Liaison with client’s accountant to establish previously claimed items.
• Costings/valuation of all additional identified items
• Final Report prepared for submission to HMRC – submission usually made through client’s accountant.