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Capital Allowance Experts
Providing relief for commercial property owners
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Over £1m of tax relief identified every month
Keeping it simple
a welcome relief for commercial property owners
At Elemental Tax we pride ourselves in making the complex area of capital allowances simple.
We work with commercial property owners and business professionals to ensure that our clients get the tax relief and the service they deserve.
Capital Allowances are a form of tax relief, given by the government to individuals and business owners, to encourage the investment in assets that will in turn lead to increased tax revenue.
Capital Allowance rules extend to parts of any commercial property that are used for a trade. This can include anything from an owner occupier of a factory or care home, through to an investor letting their properties as offices or holiday homes.
If you own a commercial property, the law allows you to offset costs for certain qualifying items against your income or corporation tax liabilities. Whether you install the asset yourself during a new build or refurbishment, or if you purchase a building that has been previously owned, you can still make a claim. Of course, in the case of a building that has been purchased from a third party, a check is essential to ensure that allowances have not been previously claimed and remain available to the new owner.
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We work with commercial property owners and business professionals to ensure that our clients get the tax relief and the service they deserve.
Capital Allowances are a form of tax relief, given by the government to individuals and business owners, to encourage the investment in assets that will in turn lead to increased tax revenue.
Capital Allowance rules extend to parts of any commercial property that are used for a trade. This can include anything from an owner occupier of a factory or care home, through to an investor letting their properties as offices or holiday homes.
If you own a commercial property, the law allows you to offset costs for certain qualifying items against your income or corporation tax liabilities. Whether you install the asset yourself during a new build or refurbishment, or if you purchase a building that has been previously owned, you can still make a claim. Of course, in the case of a building that has been purchased from a third party, a check is essential to ensure that allowances have not been previously claimed and remain available to the new owner.
We specialise in helping clients ensure that they have claimed the maximum amount of allowances available. We work closely with other professionals including many accountants, solicitors and property professionals.
We work with you at every step to ensure that your claim is maximised, whilst minimising the risk of any challenge in the future.
We work with you at every step to ensure that your claim is maximised, whilst minimising the risk of any challenge in the future.
Our Expertise
Capital allowances can take many forms and the legislation is constantly changing, making them a complex area of taxation.
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Capital allowances have been in existence in one form or another since the 1800’s and have been enshrined in legislation over many years.
The items that can qualify for capital allowances are sometimes not obvious to the untrained eye and proving entitlement to claim can often prove difficult.
This complexity means that specialist knowledge is vital to ensure that all of the necessary information is obtained, the qualifying assets identified and an audit trail formed.
We have been working with our clients for over 10 years, maximising entitlement to capital allowances and identifying valuable tax relief linked to commercial property.
Over the years we have identified many millions of pounds of tax relief, improving our clients cash flow and improving investment yields.
This complexity means that specialist knowledge is vital to ensure that all of the necessary information is obtained, the qualifying assets identified and an audit trail formed.
We have been working with our clients for over 10 years, maximising entitlement to capital allowances and identifying valuable tax relief linked to commercial property.
Over the years we have identified many millions of pounds of tax relief, improving our clients cash flow and improving investment yields.
''Elemental Tax have become a fixture in our processes when we buy a property for investment purposes or retain it after redevelopment. Over £2m of allowances have been identified across our portfolio with some sites seeing as much as 17% in claimable expenses.''
James Wilson, Director
Languard Developments
James Wilson, Director
Languard Developments
Contact Us
Address: 157 Redland Road, Redland, Bristol, BS6 6YE
Phone: 020 3949 9121