Most businesses are aware that certain items of capital expenditure may qualify for tax relief, thereby reducing the amount of tax they pay each year. The most common examples of such expenditure is on equipment or motor vehicles used in the business.
However what is less well known is the fact that often a proportion of a purchase price for commercial property may also qualify for relief, even if the qualifying element was not specified when the property was purchased.
In addition, the rates at which allowances are given vary enormously depending on the nature of equipment installed in the building, many items of energy or water efficient equipment qualify for 100% allowances which can substantially decrease the amount of tax payable by a business and thus materially improve its cash flow.
SG Capital Allowances Limited was founded by surveyors with over 30 years specialist experience in capital allowances and have worked in all commercial property sectors including office, industrial, retail, healthcare, leisure including public houses, restaurants, night clubs, gyms and hotels.
We are happy to undertake a no-obligation initial review of any property or project, identify whether a claim can be made and provide a detailed summary report. Whether the expenditure relates to a new build, an extension, a refurbishment, a contribution to another persons’ expenditure, or the purchase of an existing property we can assist.
From our initial analysis of the available documentation, right through to negotiation and final agreement of the claim with the HM Revenue & Customs, we provide a complete and comprehensive service.
Tel: +44 (0)20 7447 9000
Fax: +44 (0)20 7447 9001
Tel: +44 (0)18 2574 6888
Fax: +44 (0)18 2574 6899