We know there are lots of questions about the complexities of Capital Allowances. We hope we have answered most of these, but if you do have any other questions please get in touch and we’d be happy to help.
Capital Allowances in the UK are a form of tax relief available to owners and occupiers of commercial property. They allow you to deduct the cost of certain items within your property from your taxable profits, spreading the cost over several years.
The only similarity is the word “Capital.” Capital Gains Tax is a tax you pay on the value of the building when you sell it compared to value when you purchased it. Capital Allowances do not actually reduce the value of the asset.
Our fees will come out of what we have saved you, so all it will cost you is your time. We set our fees at: up to 4% of the certified value of the claim prepared but with larger projects this percentage will be much lower. In the case of Election Notices and other property related legal advice we charge a flat rate fee of £70/hour. Value Added Tax will be applicable to these fees.
Sponjem UK offers a tangible financial benefit, reducing your tax bill and improving cash flow. If you have more questions, please get in touch.