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Archives for November, 2010

Capital allowances ‘a right not a privilege’: another service to offer

November 8, 2010 at Capital Allowances

Capital allowances ‘a right not a privilege’: another service to offerEvery time a commercial property owner spends money buying or improving it, there is a strong chance they can offset that expenditure against profits or general income for tax purposes – a little tapped resource offered by the Inland Revenue. Indeed, the ability to claim capital allowances on commercial properties has been ... Read More

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Calculate Your Claim

Owner:

Property type:

Purchase price and/or Expenditure ():

Date of purchase:

Est Allowances
Our Fee
Tax Relief on Fee
Net Fee Payable
Net Tax Benefit

Tax refund

10/11 Tax Year
11/12 Tax Year

Tax reduction for current year:

12/13 Tax Year

Balance tax for mitigation:

Future Tax Years
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Values Shown are not guaranteed and have been based upon assumptions including that you have paid tax over the last two years to at least the refund amount shown and assumes all assets are in the 20% main pool of allowances. Some assets may be in the 10% integral features pool which will lower the annual amount claimable, however the total benefit of the allowances remains the same. The amount claimed will depend upon your personal circumstances and are shown above for illustration purposes only.

This calculator is for illustration purposes only.

If AIA is included in the calculations, we assume that no previous deductions within the AIA allocation has been submitted.

You cannot claim Capital Allowances before the year of purchase.

Our fee is a legitimate business expense and as such is tax deductible.