.............. you are sitting on significant hidden cash reserves... just waiting to be released.
Before we start, promise you'll only read this if you own a commercial property. Promise? Good!
Whenever I make the following three statements to a prospective client, I'm invariably met with a look of scepticism, swiftly followed by "I've got a tremendous/experienced/expensive accountant who takes care of all that for me."
Capital Allowances can represent 15-60% of property purchase prices.
Research shows that property owners regularly miss 50% of their available Capital Allowances.
Entitlement benefits typically run to tens of thousands of £'s
So let me expand a bit on why I am invariably proven right.
Has a Capital Allowance specialist undertaken a full room-by-room survey of your commercial property? Our experience tells us that unless they have you are probably under-claiming this important relief by at least 50%. Our claim process regularly uncovers hundred of thousands of pounds in unclaimed allowance in single properties.
The reason? Most owners leave this work to their accountant who typically base their work on a paper trail. Not visiting the property, or knowing how to apply complex legislation when they get there means a lucrative layer of capital allowances lies dormant.
It is this layer we uncover and convert to a cash refund (if you were tax paying in previous years) or is available to offset future tax (if you were loss making).
Even more interesting is the fact that if you've bought a property recently and the prevous owner hasn't made a claim, then you can. And if you've sold a property recently and the new owner hasn't made a claim, you can
Still sceptical, well here's a challenge. Just send me the postcode of your ommercial propert, type of business (hotel, resaturant, office block etc) purchase price and 48 hours later we'll let you know how much you could be looking at, based on a similar property in that area*. Then take that figure to your accountant and ask him to put in a claim. Oh and just in case you're wondering, we're not looking to cut-out your accountant; in fact we work very closely with clients' accountants in every case. After all they have all the facts and figures at their fingertips. Or ask him to give me a call and we'll work together to put in a claim.
We normally charge £150.00 for an hours consultation, but for readers/subscribers/advertisers of Property Hawk we are offering a free review. For more information, 'click' here and then leave your details.
*p.s the figure we come up with is assuming the accountant has already put in for a Capital Allowance claim successfully.
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