Capital Allowances enable the cost of capital assets to be written off against the taxable profits of a business. Capital allowance claims equate up to 35% of your freehold cost!
Are you claiming your full entitlement of Capital Allowances?
Capital Allowances claims can be made for any of the following industry sectors:
Leisure and Holiday Parks
Day Nurseries and Private Schools
Hotels and Guest Houses
Medical Centres
Golf Courses and Sports Centres
The claim starts with an initial meeting at a time suitable to you. From this meeting one of our advisors will acertain as to whether you are able to make a claim. If you do qualify, and after engaging our services their is little else we require for you to do. From this point we will arrange to collect all neccessary accounts and paperwork, carry out a Capital Allowance Review followed by a comprehensive Capital Allowance site survey a detailed survey report is produced with accurate valuations relating to the previous unclaimed qualifying items taking into account time and regional variations.
A current year claim is where we identify additional capital allowances which can be used by the client accountant for inclusion in a tax return for a year not yet submitted.
For retrospective Capital Allowance claims the report and suporting evidence is submitted to the HMRC by us with most claims being accepted by the revenue with in 6 – 10 weeks.
To arrange an informal meeting with one of our Capital Allowance specialists, please call us 01246 293011, alternatively email sales@salmon-business.com