1. Have you got a tax bill to pay in January?2. Did you pay tax last year?3. Do you want your tax back?4. You pay us AFTER you get your refund5. 100% success for cases we take on6. No claim, no fee7. With the help of an expert?8. No claim, no fee9. Full PI cover10.We work with your accountant for a seamless process
We are Exact Business Taxation Services Ltd, the Capital Allowances claims professionals. Our service is highly specialised and involves claiming tax refunds for you.
We are specialists in Capital Allowances claims, and use our Accountancy, Quantity Surveying and tax law skills to maximise your tax relief, and you can benefit from:
- You pay us AFTER you get your refund
- 100% refund, and interest, to you if HMRC revalue – that’s how confident we are
- No claim, no fee
- No separate surveying costs
- Can be used against ANY income stream
- Doesn’t affect your CGT position
- We work with your existing accountant to make it a seamless process
- Full Professional Indemnity cover
- 100% HMRC success record
- Legislated under CAA2001 (Part 2)
If you own a House in Multiple Occupation (Multi-let / HMO’s / Student lets), it is very likely (96% according to HMRC) that you are entitled to unclaimed Capital allowances for the communal (non-‘dwelling’) parts of your investment property and many of the associated fixed assets.
Capital Allowances have been around since 1878, yet they are almost never claimed, or often claimed incorrectly.
Anyone who has an investment property is entitled to claim these allowances.
- Hotels
- Dentists / Doctors
- Guest Houses
- B&B’s
- Offices
- Holiday Let’s UK
- Holiday Lets EU
- Student lets
- Multi-lets (HMO)
- Garages
- Many other commercial Properties
Capital Allowances – what are they?
Plant & Machinery Allowances, relate to the tax relief associated with certain qualifying items within the ‘non-dwelling areas’ of HMO, multi occupancy properties and student lets/ halls of residence.
Each year, you can deduct up to £100,000 of your capital outlay (purchase cost) associated with these non-dwelling areas P&M assets from your taxable income, therefore reducing your tax bill.
Once these items have been identified, valued and documented, you can reclaim previously paid Income tax, reduce your current year income tax liability, or roll forward the allowances until such time when they are required.
Unlike normal rental losses which can only be rolled forward until such time that the property makes a profit, Capital Allowances claimed on the property, are‘set-off’ against any income stream!
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0845 467 2765
