Get tax owed back to you. Get our Newsletter
Get tax owed back to you.
Get our Newsletter!
As a property owner subject to either UK Income Tax or Corporation Tax and holding property as a capital asset you may be to claim property tax relief in the following circumstances:
- The acquisition of the property
- The refurbishment or redevelopment of the property
- Dealing with contamination
If you consider capital allowances at an early stage of a transaction or redevelopment, it will allow you to maximise your capital allowances position.
Claiming capital allowances is a statutory right. The benefits of claiming this relief for you are, that it will improve the cash-flow of your business, lower risk for those supplying loans to your business and may be used as a means to preserve and enhance the value of your asset.