How We Work
Our work is driven towards making robust, minimum risk valuations for our clients, our white labelling partners and those who refer business to us.
We offer free, no obligation reviews of potential Claims. In addition, we support this with a performance related fee option or an alternative fixed fee option which covers the complete service, through to agreement with HM Revenue & Customs.
We have, even as a small company, saught to raise the bar as to how the allowances are valued and how they are reported.
Your Proposal
Following initial contact with you, we will ask you for some basic information, eg purchase contract, building survey or building costs to enable us to provide you with our FREE, NO OBLIGATION fee quote.
Each project or purchase is different and until we understand the project or building nuances it is impossible to give you a fair quote for the valuation. Our fee will be based upon the level of allowances certified by us in you valuation.
Due Diligence
Claiming capital allowances is dependent on robust due diligence processes.
The success of any capital allowances claim will depend upon how your adviser demonstrates that their processes meet the requirements of HMRC. All of our valuations are supported by a robust due diligence process, that allows us to demonstrate that you are entitled to claim capital allowances and why the asset qualifies.
Following an appointment to carryout a valuation on your behalf, we will do all necessary checks before commencing a survey. For example, we will contact prior vendors, to establish if there any prior claims or check and reference how each asset is claimable under the legislation or case law.
Survey
Following the due diligence checks, the next step is to carry out a survey of the property.
Our automated survey system is one of the biggest achievements of our company. In partnership with Touchright, we have developed a system that allows us to gather survey data from an app rather than traditional dictated or handwritten notes.
Our app allows us to gather enough data and photographic evidence to support our valuations. They provide a robust record of the property should HM Revenue and Customs require further evidence.
The Valuation
Once we have established your entitlement and the survey data is gathered, the next stage is to calculate the amount of expenditure qualifying for capital allowances.
Our valuations are calculated using established methods for the estimation of the replacement cost of the building and the valuation of the land. Additionally, we use our in-house, bespoke software to process the gathered information to calculate the allowances consistently for each and every valuation.
Finally, this is information is used to produce a Statement of Qualifying Expenditure for you to submit along with your tax return.
This whole process takes about four to six weeks; depending on how quickly we receive information from third parties and get access to the property.
Submission to HMRC
Once you receive our Statement you or your accountant will need to submit it to HM Revenue and Customs along side your tax computation.
Should HM Revenue and Customs enquire into the valuation, we will assist you to reach agreement with them as part of our agreement with you.
Capital allowances are only successfully claimed if the valuation document is robust enough to meet HMRC’s requirements. We are very proud of our valuation templates. Our reports are designed to be transparent, understandable and relevant by including, good descriptions, a high level of asset categories, location maps, pie charts and photographs.
We want the you, your accountant and HMRC to have confidence that we have fully researched each and every valuation we submit.
