Training

Assessment of tax relief

Assessment of tax relief
Jaime Lumsden

CA Advisory Services Ltd


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We will discuss, with a prospective client, whether they are able to claim Tax Relief for Capital Allowances concerning property-embedded fixtures and fitting.

These can represent additional tax-reducing claimable allowances worth up to 50% of the value of a commercial property being purchased or sold. They also apply to the costs associated with improvements or changes being made to leased properties.

Embedded fixtures and fittings are functional items that are simply put, embedded into the building. They can include items, such as heating, air conditioning, hot and cold water systems, electrical and lighting systems – the list is quite extensive.

Claiming for these is a specialist area and requires an assessment of your current and future business or personal tax position, depending on who owns the property. A surveyor must visit and confirm what qualifies in your property. The value of your claim is then calculated and submitted to HMRC.

Eligibility requirements

This service is open to ages 18 to over 60.
Jaime Lumsden

CA Advisory Services Ltd

Disclaimer: The views expressed in this content is solely that of the author and does not necessarily reflect the view of Grow London Local. Grow London Local accepts no liability for any loss occasioned to any person acting or refraining from action as a result of any material in this publication. We recommend that you obtain professional advice before acting or refraining from action on any of the contents of the content.

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