Making a Capital Allowances claim
Capital Allowances on Properties
Surprisingly very few independent businesses and commercial property owners have made capital allowance claims. This could be from a lack of awareness of the government scheme to a lack of understanding of the claims process and possibly a combination of the complexity of making a capital allowances claim.
At Casrad we have a wealth of experience and knowledge in this exact area and so far we have a 100% success rate in making claims. This has resulted in payouts of thousands of pounds that have helped businesses survive the volatile economy crisis as well as scale up in some cases.
We understand that communication is key and we stay in touch all the way.
Achieve minimum risk and maximum reward
with CASRAD.
Contact us WE ARE THE EXPERTS AT IDENTIFYING WHAT CAN BE CLAIMED
We use qualified CA surveyors who work with complex tables and internal HMRC approved matrices to compile a detailed, accurate, non-confrontational and robust report in a format approved by HMRC.
If you purchased a commercial property over £500k, UK based Furnished Holiday Lets (FHL) over £500k, Furnished Holiday Lets within the EEA with a collective purchase price over £500K or Multi-Let & HMO Portfolios in the UK over £1,000,000 Casrad can claim on your behalf.
If you don't immediately qualify for the above criteria we can still provide our services at a lower level. However this would be subject to a minimum service charge which maybe cost justifiable depending on your reasons for the report and tax position.
An EXAMPLE of what you can claim
Within your property you can claim on Second Fix Fittings. Second fix fittings are the finishing work, usually done after plastering.
Second Fix examples: Connecting electrical fixtures to cables, Connecting sinks and baths to water Supply Fitting doors to door frames, Lighting Installing cookers and washers, flooring and Crown moulding.
Generally you cannot claim on First Fix Fittings which compromises of all the work required to take a building from the foundations to the application of plaster on the internal walls.
First Fix examples: Walls Floors Ceilings, Inserting cables for electrical supply and inserting pipes for water supply.
The above is just a summary only for example purposes the list of what you can claim on is extensive.
Application form
Complete a full application with your capital allowance consultant.
Validation
Once instructed, we will confirm that a valid claim can be made before contacting the key holder to arrange access for one of our CA surveyors.
Survey
Survey - we will then carry out an extensive survey of each property to identify every claimable element and its value.
Claim Report
A detailed Capital Allowances Report provided in a format that is clear and understandable for HMRC will be sent to your accountant to sign off and formally submit to HMRC on your behalf .
It will cost you nothing to find out how much you could be owed!
Start a Claim
