What are Capital Allowances?
Capital allowances are a valuable form of tax relief available to anyone incurring capital expenditure buying, building or refurbishing a commercial property.
Capital Allowances are a tax adjustment only and have no effect on the profits shown in a business's financial accounts or on the market value of property.
Why is it a specialist subject?
Capital allowances claims are a highly specialised subject matter requiring expert knowledge of Property Design, Construction and Construction Costs, Mechanical and Electrical Installations & Costs, Land Valuations and Apportionment, and of Taxation matters.
Capital Allowances are ideally suited to being dealt with on a stand-alone basis separately to other tax matters.
Capall Solutions personnel will work alongside your accountant / solicitor / surveyor to significantly add value to your current arrangement. We have developed good working relationships with the Revenue Commissioners, HM Revenue and Customs, and the Valuation Office Agency, enabling us to bring your claim promptly to a satisfactory conclusion.
Benefits to Taxpayers.
Capital allowances can be a very effective way of reducing the after tax cost of purchasing, constructing or refurbishing property. By effectively utilising the capital allowances available within capital property expenditure the amount of corporation or income tax payable can be significantly reduced.
Capall Solutions will partner with your accountant to minimize your tax liabilities. Each client will have their claim dealt with personally by a Partner, to ensure a detailed analysis and access to expert advice throughout the process.
Who can claim Capital Allowances?
Typically, anyone (owner or tenant) who is a taxpayer, incurring capital expenditure buying or building / refurbishing commercial property.