With a good proportion of tax planning schemes coming up, we took it upon ourselves to establish a dialogue with a number of underwriters, some new to the market. With our extensive knowledge of the accountancy profession we have been able to adopt a few schemes that we feel will be of great value for your practice and for your clients. We act as introducer's for a few specialists firms of brokers and we will be pleased to extend their services to your practice and your clients.
Tax Mitigation Opportunities
Routine accounting systems regularly and properly identify capital allowances in terms of moveable items of plan and machinery. There are however many items in a building that are normally seen as part of a property. These items are usually not identified and are considered to be plant and machinery for the purpose of trade and therefore capital allowance may not have been claimed. Reclaim on these items can be a very valuable item. They can be backdated many years.
Stamp Duty Land Tax
This really applies for deals of £1 Million upwards. The full stamp duty is saved on commercial or residential purchases. There is a 2% fee and legal charge in respect of the arrangement. Again for more information on this please contact us either by e-mail,telephone or fax and we can arrange for further information to be sent to you by the company involved.
Unclaimed capital allowance
The routine accounting systems are regularly and properly identifying the Capital Allowances in ‘moveable’ items of plant and machinery but there are many pieces of plant and machinery that are attached to the building and therefore seen as part of the property. These items are usually not identified or considered to be plant and machinery for the purpose of the trade and therefore the Capital Allowances are not claimed on them. It’s money property owners don't realise they have!
No Time Bar on Retrospective claims
We are extremely keen to assist you in generating additional income.Please do feel free to go through the different schemes and do
contact us should you require more information about any of them.
