The Process

Valuation

Our compliance team undertakes rigorous checks of the tax history of the property to confirm that a valid claim can be made by making checks with Land Registry and previous owners. 

Our in-house Specialist Plant & Machinery Surveyors provide a valuation of the qualifying assets within your property. Using the most up to date surveying techniques a detailed assessment of your premises for a commercial property will typically take 3-5 hours and for a furnished holiday let it will take an hour or so. 

We need to do this in order to identify, log and value the plant and machinery assets in your property.  The advantages of using fully qualified surveyors are that you will also get a Building Surveyor’s Report, a reconstruction valuation and an independent land valuation. 

Once we have these confirmations, your claim is then processed through our system and a HMRC compliant claim report is generated. 

This report highlights the applied legislation, confirmation of ownership, and scope of the report.  The assets identified are categorised and valued.

 

Claiming

We are there every step of the way.

Your accountant includes the identified capital allowances in your tax return for the current year.  They can also (subject to time limits) amend previous tax returns, thereby generating a refund of overpaid tax. 

We recommend that the claim report is submitted with the correspondence to HMRC.  We want to work with your accountant, not against them, and will provide support and advice wherever necessary. 

If you don’t have an accountant and file your own tax returns we can guide you through the process of completing the UK property section of the tax return.

We fully support our claim reports for 6 years.

YOU CAN START CLAIMING BACK ANY 2011/12 TAX FROM TODAY!