Capital Allowances - Are you missing out?
CAPITAL ALLOWANCES - ARE YOU MISSING OUT?
JEXCA have been advising on capital allowances since 1995. Our offices located in the South East, Midlands and North West enable us to offer our personal service throughout the UK. We are independent within the sector, this combined with our knowledge enables us to give unbiased professional advice.
In the commercial world where every care home owner needs to work and maximise their property assets, this may involve costly expenditure on new construction, refurbishments and extensions to existing buildings.
Also, if you are considering a purchase, consider future capital allowances. Ensure that the property enquiries include capital allowances and that there is certainty regarding such entitlement. This ensures that this doesn’t become a negotiating point later in the transaction.
If you have recently purchased a care home it is often the case that capital allowances will be available to you, even if you were advised at acquisition stage that “there are no capital allowances available”.
A FREE REVIEW COULD UNLOCK TAX RELIEF YOU DIDN’T THINK YOU HAD!
It is often thought that capital allowances, being a tax issue, is a matter for the accountant. In reality it is a property valuation, surveying or construction cost analysis issue best carried out by a specialist with the necessary skill sets including a detailed understanding of construction technology and costs and a knowledge of M&E services.