No one likes to miss out on tax breaks, but if you purchased a commercial property in the last two years, the chance to claim significant tax is due to expire.
If you buy a commercial property, it is possible to attribute part of the cost to fixtures, which can then be claimed under the capital allowances rules – meaning you get a deduction against your business profits.
If you don’t make such a claim, then the cost of the fixtures will only be relieved when the property is eventually sold.
The best way to maximise the claim is to have a survey by a quantity surveyor. They will identify the hidden items that qualify.
We can arrange for your property survey and a claim to be made. The best part is that you only have to pay a percentage of the tax claimed and only if you are successful, so there’s nothing to lose.
Contact us if you want to learn more.
