Solicitors

Working with Solicitors

Capital Allowances have become somewhat of a hot potato in recent years when dealing with property transactions.

Whether acting for the vendor or the buyer, the landscape has changed considerably since the enactment of new rules that were introduced in the Finance Act 2012.

We support solicitors across the country in the specialist area of capital allowances and assist their clients to ensure that allowances are protected, not inadvertently lost and maximised wherever possible.

We have designed our service to compliment your client offering in order to add value to your clients and your business.

We regularly support our solicitor clients in the following areas:

- The acquisition of commercial property

- The disposal of commercial property

- CPSE, Contract, and s.198 advice

- The acquisition or sale of businesses

- Incorporation events

- Administration or insolvency issues

- Transfers of commercial property into or out of a pension scheme

- General Advice in the form of an outsourced capital allowance desk

- We have created flow charts, processes and other documents to support your business with commercial property

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Why partner with Elemental Tax

For many solicitors, capital allowances are an area of contract law where support is often required. Due to constant legislation changes the area of Capital Allowances has become a specialist subject of its own.

There are many reasons why our solicitors clients refer their property owning clients. Here are just a few:

Legislation and Valuation Expertise

By understanding the current legislation and utilising our valuation expertise, we can ensure that the sale and purchase agreement contains the right information, to create tax certainty for both parties.

Risk

Dealing with capital allowances can be seen as an area of risk for some solicitors. We can help your business by taking responsibility of the CPSE responses, contract clauses and drafting of the s.198 election.

Time

Many of our solicitor clients find that their staff are best utilised focusing on other areas of the transaction whilst letting us deal with the capital allowances.

Value

We often find that the tax savings secured for your clients are many times more than your clients legal fees, showing your clients the added value of expert capital allowance advice.

This can become a valuable additional service for your business and clients.



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