AI Issue 4 2018 - John Harrison & Company

64 Acquisition International - Issue 4 2018 Capital Allowance Review Service is staffed by a large team of qualified individuals ensuring a high level of diligence is achieved to maximise claims. Chris Roberts, Director of the company, provides us with an in- depth insight into the success and ongoing achievements of the firm. stablished in 2003, Capital Allowance Review Service is a specialist company with over 15 years of experience in highlighting embedded fixtures, fittings and features within commercial properties that qualify for tax relief. We are a large team of Chartered Accountants, Tax Experts, Ex-HMRC Inspectors, Surveyors and many other qualified individuals ensuring a high level of due diligence is achieved. Our expertise results in a substantial recovery of tax paid, and a reduction in corporation or income tax liabilities. With a dynamic team operating from offices in the Midlands and London, the broad range of skills offers an outstanding client service and is well positioned to deliver strong advice to your business. There are over sixty members of staff who have a range of skills and professional qualifications to ensure clients receive the best quality service possible. Working across the country, Capital Allowance Review Service has a large clientele comprising of companies and individuals who have spent significant capital acquiring and/or improving commercial property. Commercial Property Rules - The incorrect interpretation of the Rules relating to Capital Allowances are resulting in serious tax losses for UK tax payers. Rules came into force in 2014 dictating how Capital Allowances should be treated at the point of disposal or acquisition of a commercial property owned by a UK tax payer, and these rules continue to be misunderstood and the consequences are underestimated. We see increasing examples where a property transaction has taken place and the rules have not been implemented correctly, and the net result is tax payers are losing a benefit that they should have been entitled to. In addition to this, property advisors are exposed to negligence claims. Embedded in the company culture is our vision, and Capital Allowance Review Service are totally dedicated to the tax benefits available from commercial property resulting in significant tax recovery and reduction in tax liabilities for our clients. Commercial property acquisition and improvement costs incurred by a UK taxpayer anywhere in the world, is eligible to claim Capital Allowances on expenditure incurred on qualifying plant and machinery. Company: Capital Allowance Review Service Limited Name: Chris Roberts Address: Vernon Road, Stoke on Trent, ST4 2QY Tel: 01782 749842 Web: www. propertycapitalallowance.com LookFurther, Look Deeper&FindMore E AAT18028 Tax relief available fromProperty Embedded Fixtures & Features has been around for over 100 years, yet is routinely missed as accounting procedures only pick up on expenditure for moveable items that are covered by an invoice. Our role is to identify and establish the full value of qualifying items that are embedded in the fabric of the property. When undertaking a new project our dedicated staff communicates with the client through every step of the process. The role includes everything from original discussions and explanations of the concept; checking there is a valid claim; discussions with the client and accountant (where necessary); collating the documentation; checking accounts and legal documents; conducting surveys and valuations; compilation and processing including submission to HMRC and dealing with any queries they may have directly. We visit the property in question, identify items that are invisible within the paperwork and prepare a full report for submission to HMRC. As part of our services, we will also help clients to safeguard capital expenditure for any future Capital Gains calculations. Additionally, we also take responsibility for dealing directly with HMRC for up to the 12 months after the claim has been submitted, to ensure that our clients feel fully supported and properly advised every step of the way. Alongside our work recovering taxes for our clients, we are also dedicated to supporting our peers in the tax industry, helping them to enrich their knowledge and understanding. We were part of the HMRC working party that created the new legislation and have gained a 100% claim record to date. Furthermore, we support all types of property advisors and agents, including accountants and solicitors, working tirelessly to ensure that research is maintained by keeping up to date with current tax legislation to offer relevant support and advice to our clients and our industry colleagues. We provide our expertise to one of the UK’s leading suppliers of help and support to the accounting profession and need to be certain that the information we provide to them is accurate, therefore take our research very seriously. Moving forward, we are keen to continue to embed our services within organisations that advise and support the commercial property sector. To achieve this, we are increasing our brand promotion by issuing monthly newsletters and updating our followers via social media. Look Further, Look Deeper & Find More