Capital Allowances Services
We provide a fully comprehensive service to complete the evaluation of Capital Allowances, including:-
- Providing pre and post acquisition advice to establish capital allowances entitlement and, where necessary, ensure that the pooling requirements under s187A CAA 2001 are addressed.
- Liaise with legal and other professional advisors to assist with CPSE Enquiries, together with the preparation of draft contact provisions and Election Notices under s198 and s199 CAA 2001.
- Examine all relevant legal, contractual and construction documentation to enable us to progress claims in accordance with HMRC requirements.
- Assess capital allowances claims that may previously have been made to establish whether there is any scope for enhancement.
- Carry out detailed property inspections where necessary, to identify all relevant fixtures, plant and machinery etc., which are eligible for tax relief and prepare Statements of Qualifying Expenditure.
- Prepare claims that demonstrate the expenditure meets the criteria of the CAA 2001 and other relevant legislation, to withstand the scrutiny of both HMRC and the Valuation Office.
- Where required, negotioate and agree claims with HMRC and the Valuation Office to their maximum benefit.
- Assist with the preparation and completion of Elections under s198 and s199 CAA 2001.
- Prepare Sales Aid illustrations, when required, to provide an approximate estimate of the likely level of qualifying expenditure available to a prospective purchaser.
For more details on how we can help you, contact us for more information.
- Examine all relevant legal, contractual and construction documentation to enable us to progress claims in accordance with HMRC requirements.
- Carry out detailed property inspections where necessary, to identify all relevant fixtures, plant and machinery etc., which are eligible for tax relief and prepare Statements of Qualifying Expenditure.
- Analyse all expenditure into the relevant financial periods and allocate the qualifying expenditure into the relevant pools.
- Prepare claims that demonstrate the expenditure meets the criteria of the CAA 2001 and other relevant legislation, to withstand the scrutiny of both HMRC and the Valuation Office.
- Where required, negotiate and agree claims with HMRC and the Valuation Office to their maximum benefit.
- Assist with the preparation and completion of Elections under s198 and s199 CAA 2001.
- Prepare Sales Aid illustrations, when required, to provide an approximate estimate of the likely level of qualifying expenditure available to a prospective purchaser.
- Provide an on-going monitoring service of annual expenditure to ensure the maximisation of tax benefits.
- Provide advice and prepare claims for expenditure qualifying for Structures and Buildings Allowance and Land Remediation Relief.
- Provide advice and prepare claims on repairs and maintenance qualifying as Revenue expenditure.
For more details on how we can help you, contact us for more information