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Welcome to Aaron Grant
We specialise in maximising your tax relief from property related Capital Allowances
What are Capital Allowances?
UK tax legislation does not allow you to directly deduct your investment or capital expenditure on property assets when calculating your profits or losses for tax purposes, but you are entitled to claim Capital Allowances instead.
When you buy or invest in a building used for commercial purposes there are many qualifying items that are fixed to or integral to the building that are essential to the function of the commercial enterprise carried out. A large portion of those qualify for Capital Allowances but they need to be identified and valued before a claim for tax relief can be made.
As Capital Allowances provide the only means for claiming tax relief for property related investments or capital expenditure, it is important to ensure that you making your legitimate claim for the cost of those qualifying items to be written off against taxable income (for individuals) or profits (for companies).
The Capital Allowances Act 2001 determines the basis of tax relief for depreciation of investments or capital expenditure in Commercial Property.
Claiming for Capital Allowances are often overlooked because the necessary knowledge of construction costs and the relevant legislation as well as the quantity surveying skills to support a claim are outside the remit of most accountants.
A survey must be carried out of the property specifically for the purpose of identifying and valuing Capital Allowances, if this has not been done it is very likely that you have not made a claim for property related Capital Allowances.
If you are considering buying or selling a Commercial Property you will need to protect your entitlement to claim Capital Allowances in the negotiations and contractual arrangements for the purchase.
Aaron Grant provide highly specialist services to identify and value the property related capital expenditure in accordance with HMRC’s requirements and the Capital Allowances Act 2001 to enable owners, buyers and sellers to maximise their tax benefit.
Our services are provided on a NO CLAIM NO FEE basis
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To find out more about our services and how they can benefit you click on the options below or call us on 01342 843 103 or email us at firstname.lastname@example.org