2012 May | Portal Tax Claims

Archives for May, 2012

Financial Times Article

May 25, 2012 at Press

Financial Times Article Business owners miss plant tax breaks Many businesses that have bought their own commercial property are missing out on generous tax breaks available under the capital allowance rules – because they do not know how many items qualify, experts claim. Portal Tax Claims, which specialises in advising companies about capital allowances, said that most of its clients ... Read More

Members and Capital Allowances Benefits

May 21, 2012 at Press

Members and Capital Allowances Benefits Members who own commercial property, including HMO’s, could be in line for substantial tax benefits from unclaimed capital allowances within their properties. They are a legal entitlement and claiming them could considerably reduce their tax liability and may even result in a refund from HMRC. The government has introduced new rules on ... Read More

The 2012 Finance bill and capital allowances: no time for complacency

May 11, 2012 at Press

The 2012 Finance bill and capital allowances: no time for complacency The new rules on capital allowances in commercial property are now in effect with the passing of the 2012 Finance bill. These rules will greatly affect commercial property owners, leaseholders and importantly, their lawyers. The central change is the introduction of mandatory pooling of capital allowances at point of sale, which is ... Read More

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