Claim Capital Allowances

This section will explain how we work with our clients to significantly reduce their tax bill through claiming capital allowances tax relief for both commercial property and holiday lets.

How we work
Our team
Why choose us
Application to HMRC

What do we do?

  • Capital allowances can be claimed for all commercial properties and furnished holiday lets. However, it’s estimated less than 10% of owners have made an application.
  • We arrange for our qualified surveyors to inspect your property. Meanwhile, we carry out an extensive assessment of your buildings tax history.
  • Once we have the required information, we submit your application to HMRC. Apart from answering a few questions & signing a few forms, there is nothing more for you to do-we do it all.
Higher rate tax

How will it help you?

  • Capital allowances can make up between 15% and 35% of the total value of the property. Once approved, this represents significant reduction in your tax bill.
  • An example, with a hotel valued at £1M, the surveyor would expect to value capital allowances of 30% or £300,000. If the hotel was owned in a personal name and you were a higher rate tax payer, you would earn £300,000 completely tax free. When paying 40% tax, that’s a saving of £120,000

How will it help you?

  • Capital allowances can make up between 15% and 35% of the total value of the property. Once approved, this represents significant reduction in your tax bill.
  • An example, with a hotel valued at £1M, the surveyor would expect to value capital allowances of 30% or £300,000. If the hotel was owned in a personal name and you were a higher rate tax payer, you would earn £300,000 completely tax free. When paying 40% tax, that’s a saving of £120,000
Higher rate tax

capital allowance claim

Why work with us?

  • Our group of companies has first-hand experience in successfully claiming significant capital allowances.
  • Capital allowances are an extremely complex area of tax legislation. We are able to utilise experts from within our group of companies, with years of experience to ensure your application is successful.
  • A capital allowance claim requires knowledge and expertise in many areas. Such as, accounting, law, tax and financial advice.
  • We are best placed to make a successful application and integrate the tax savings into your business or personal circumstances due to the spectrum of services we offer within our group of companies.

We help high net worth UK business owners save tax

Contact us if any of the following apply:

  •   You own a furnished holiday let or a business valued at over £1 million
  •   You would like to reduce the tax you pay
  •   You would like a review of your overall business and personal tax planning
  •   You have invested a significant amount improving your business property
Contact us
Learn more

 Comprehensive proactive tax advice is not a normal service for most accountancy practices. ‍

Due to the high net worth of most of our clients an annual review of all their finances with a view to reduce their overall tax liability is very cost effective. 

Grow your profit

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Live a life you love

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- Get SMART with your finances -

CONTACT US

Smart Business Tax

6 Willow Close,

Reed,

Hertfordshire SG8 8BA

About Us

Save Tax

Most people simply pay the taxes their accountants tell them is due. Over the years this attitude will cost you thousands of pounds in tax that you need not have paid.
Tax is a cost which needs a regular annual PROACTIVE review by tax experts who understand your overall financial situation and review all the transactions in your personal, business, property and trusts accounts. An annual review which checks with you if suitable tax breaks and allowances could be utilised will save you a lot tax over time

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