How Does It Work?
The Process of claiming Property Capital Allowances that could be claimable in your property portfolio.
The Process
It is a straight forward process, very transparent and completed in total confidence. We work hard to ensure that you receive the tax relief to which you are entitled (by Law) in a way that requires very little time and effort from you.
We’ve detailed below a standard process of a Capital Allowance claim:
- We ask you for some simple property/ownership details.
- We prepare an Illustration to show the potential tax savings that could be made.
- At a time, convenient to you, we talk you through the Illustration explaining how the figures are reached.
- We check your tax position and confirm to you whether a claim would be in your interests or not.
- If we are both confident that a claim would be worthwhile, we ask you to complete our Letter of Engagement.
- On receipt of this, we commence our validation process to ensure that you are entitled to a claim and that the Property Capital Allowances are available.
- Once this has been completed, we will arrange at a time convenient to you for the property to be surveyed.
- Then we produce our report, which we ask you and your accountant to check to ensure that no double claims have been made.
If you would like to find out if we can help save you on your tax liability give us a call now on 0191 586 1615 or click here to complete the enquiry form.
Who Can & Can't Claim?
Can Claim
- Commercial property owners or lease holders.
- Must be paying UK Corporation and Personal tax.
- Property must be involved in a 'Qualifying Activity';
- Trades and Professions.
- UK and overseas property business.
- Furnished holiday lets in the UK or European Economic Area.
- Once this has been completed, we will arrange at a time convenient to you for the property to be surveyed.
- Then we produce our report, which we ask you and your accountant to check to ensure that no double claims have been made.
Can't Claim
- Pension fund property owners.
- Charitable organisations who own property.
- National and local Government owned properties.
- Non-UK tax payers.
- Companies trading property as stock.
Our Fees
We invoice you a fee for our work, which is a small percentage of the Property Capital Allowances identified to be claimed against.
You will find in our Letter of Engagement our current fee structure giving you a choice of 3 payment options. Each designed to help you with your cash flow. We aim to enable you to pay us out of the savings identified rather than as an upfront fee.
We have been completing Property Capital Allowance claims with HMRC for over 14 years & have submitted over 4000 successful claims.
Give us a call now on 0191 586 1615 to see if we can help you save on your tax liability or click here to complete the enquiry form.
Testimonials
Along with all of the individuals and businesses we’ve helped over the years, we’ve also worked with nearly 1,000 accountants since we were established, helping their clients submit Capital Allowance claims on their Commercial / HMO properties. Many now refer their clients to us, as a matter of course.
Check out what some of them have to say below…
“Christopher Bailey met with my client and explained the whole process. I was initially sceptical but having seen the system work, with their involvement and guidance through all the stages, we are now very happy to recommend more of our clients. The claims were submitted and our clients have received substantial refunds of tax, without any questions being asked by HMRC”.
“Chartered Accountant Chris Bailey led us through the Capital Allowance process from start to finish and they were always on hand to give advice and guidance. During the final stages of our clients’ claims they helped us submit the claims to HMRC. In total our clients received over £1,000,000 of Capital Allowances, with nearly £100,000 in tax savings. All claims were accepted by HMRC. He has now helped 5 of our clients”.
“We decided to work with The Bailey Group as our chosen partner as we believe their expertise and proven track record in the field of Capital Allowances is a perfect complement to the tax service we already offer”.
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If you would like to discuss the tax savings we can make you or understand more about the process simply complete the form below and our team will get back to you as soon as possible.