Members and Capital Allowances Benefits

Capital Allowances News

Members and Capital Allowances Benefits

May 21, 2012 at Press

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 capital allowances in the Finance Bill 2012 and this could affect many owners, whether they are selling, buying or holding property as investment. Members should act now and seek appropriate advice to claim what is rightfully theirs.

It is vital that an owner should obtain a capital allowances report that is fully HMRC compliant so that any tax benefit will be maximised. Portal Tax Claims is the UK market leader providing this service and they have 100% success to date in HMRC claims.

Portal offers a no obligation consultation for members to assess the viability and potential for capital allowances in their properties

For further information please call the office on 01634 733144 or email hello@portaltaxclaims.com

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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

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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.

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