2011 May | Portal Tax Claims

Archives for May, 2011

Foreign Freebies going to waste

May 31, 2011 at Capital Alowance Tax Rebate

Foreign Freebies going to waste As property owners look to reap returns from their UK homes, many are forgetting that they may be owed substantial amounts of cash from their offshore properties. Those who own furnished holiday lets, both in the UK and within the European Economic Area, could be entitled to claim large sums of money ... Read More

Writing Down Allowances and Pools

May 18, 2011 at Capital Allowances

Writing Down Allowances and Pools In a separate article, we looked at First Year Allowance (FYA) that typically involves allowing taxpayers to write off a percentage of the expenditure of providing a capital asset in the year it was acquired. Writing Down Allowance (WDA) is different in that you can claim up to a set percentage ... Read More

PMA on Fixtures already Installed on Leased Land or Building

May 16, 2011 at Capital Allowances

PMA on Fixtures already Installed on Leased Land or Building Where a fixture goes along with the leased property to a lessee, the owner of the fixture is determined by the particular facts of the case. Where the lessor was or would have been entitled to claim PMA on the fixture, and the lessee pays a premium for the lease that is ... Read More

Capital Allowance Claims and Property Sales

May 13, 2011 at Claiming Capital Allowances

Capital Allowance Claims and Property Sales If you are a property owner who has claimed capital allowances, you should carefully review the possibilities and arrange things in a manner to retain the tax savings you had received from the capital allowance claims. If you have not claimed capital allowances, but could have claimed it under relevant rules, ... Read More

12 3 Next »

Calculate Your Claim

Owner:

Property type:

Purchase price and/or Expenditure ():

Date of purchase:

Select Date Select

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

view details

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.

Capital Allowance Categories

All Capital Allowance Categories