Research IT Service Projects 2009 Fred Clarke, Head of Research IT Service 25 th February 2009.
Fred Clarke-Baptiste
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Fred Clarke-Baptiste
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Transcript of Fred Clarke-Baptiste
Fred Clarke-Baptiste
CAPITAL ALLOWANCE TAX REFUNDS
• If you own commercial premises and/or furnished holiday let and/or serviced apartment as an individual or by the company, then this applies to you.
• If the purchase price of the property, and any refurbishment costs, was over £200,000 then this applies to you.
• There is over a 90% chance of unclaimed capital allowances being identified which can be used to offset against tax liability and/or refund.
• On average we find 25% of the property/refurbishment costs in unclaimed capital allowances which can be used in your refund calculations.
• Our fees are a small percentage of what we find and if we do not find £50,000 of unclaimed capital allowances there are absolutely no fees at all.
• All we need is a signed client information form (CIF) and we do the rest; the whole process normally takes around 10 – 12 weeks.
• Too good to be true? – This is a right, not a privilege, and our specialist knowledge and experience can work for you!
Historical Auditing
• If you use utilities – gas, electric and water; or telecoms on a large scale then this applies to you.
• If you are spending a minimum spend of £20,000 per year per entity (but we can aggregate across separate sites/branches/locations) then this applies to you.
• There will be some errors in bill production, energy supply, or charges which will allow us to go back 6 years and analyse the bills.
• On average we find 10% savings from the analysis of the bills which can be used to obtain an offset against future bills and/or refund.
• Our fees are a based on what we find and if we do not identify any savings there are absolutely no fees at all.
• All we need is a signed letter of authority (LOA) plus a copy of the bills and we do the rest. The whole process normally takes around 4 6 ‐weeks.
• Too good to be true? –This is a solution that using our specialist knowledge and experience can work for you!
