Capital Allowances
The Opportunity
What are Capital Allowances?
Capital Allowances
 Allow taxpayers to write off the cost of certain capital assets
against taxable income or profits.
They have been around since 1878, and are. currently contained within CAA2001
Types of Tax Relief
Plant & Machinery
Research & Development Tax Relief
Business Premises Renovation Allowances
Landlords Energy Saving Allowances
Making the Claim
Shrouded by complex legistration
Every building has them
Statutory right to claim since 1878
Specific skill sets to identify
You have to identify
You have to make the claim
Why making a claim is difficult
Lack of expertise
Complex legislation
Failure to classify expenditure correctly
Misunderstanding of claims timing
Requires a dual skill set of both a quantity
surveyor and an accountant
The purchase price of a building = The difference
between first & second fix
Example £750,000
 General understanding of the above purchase £750,000 = No Tax Relief (HMRC)
 Our understanding is (In our example);First Fix £500,000 plus Second Fix £250,000 = Purchase Price of £750,000
 CBTC identifies the £250,000 and claims this Tax Relief from HMRC on your behalf
Highlights
96% of UK Commercial Property
Successful claims history
No report – No fee
Christopher Bailey Tax Consultants
Specialist Tax Consultancy
Retrospective, Current Year, and New Build
Capital Allowance Claims
We help clients claim THEIR MONEY back
from the Government
www.baileygroup.co.uk
Our Unique Selling Points
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No report – No fee
Free report if we fail to identify less than £20,000 of CA
No up front costs
No additional survey costs
All inclusive fixed fee of 5% of identified CA
Two payment options to help cash flow
Only qualified surveyors engaged
Compliant & non confrontational HMRC approved reports
Successful track record
What is Qualifying Property
Freehold Commercial property
Furnished Holiday Let in the UK or EEA
Qualifying a Commercial Property
Purchase price at least £200,000
Property Owner is subject to UK Tax
Not held within a pension, government owned
or Charity
Paid Tax in the last 2 years or likely to pay Tax
in the foreseeable future
No previous Capital Claims have been made
Commercial Property – What can be claimed
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Plant & Machinery strip out
Heating Installations
Gas and Electrical Installations
Electrical Applications
Communications Installation
Security Installations
Hot & Cold Water Installations
Waste Disposal Installations
Ventilation & Air Conditioning Installations
Internal Fittings
Claims can be retrospective
There is No time limit on how far back you can
go, in owning the property, and you can even
go back two Tax years when claiming
HMRC Approved
Most retrospective Capital Allowance claims
that we deal with lead to a:SIGNIFICANT TAX REBATE FOR THE CLIENT