The Financial Adviser Article

Capital Allowances News

April 1, 2011 at Press

Portal Tax Claims, a specialist capital allowance claims company, is hiring brokers in Scotland, offering income to brokers who have clients with commercial premises that have not taken advantage of existing capital allowances.

Capital allowances are available when money is spent buying or improving a property, so that HM Revenue & Customs allows the owner to offset some of the expenditure against profits, or general income for tax purposes.

Claims brokers stand to make thousands of pounds by introducing new cases to the HMRC, through the commission paid on each case.

This article was written by Melanie Tringham for The Financial Adviser

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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.

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