Independent Property Tax Consultancy

Newport 01633 386017 Kidderminster 01562 829484

Commercial Property Acquisitions Claims

Many commercial property owners have not made a claim for tax relief on fixtures they purchased with their commercial property.  We have had a wealth of success making claims for clients, ranging from Bed & Breakfasts, Country House Hotels, Caravan Parks to Industrial Units and Retail Stores. 

Our team of consultants have claimed back millions of pounds in overpaid tax for businesses and property investors.  Our clients have received significant immediate cash repayments from HMRC and created a pool of capital allowances that will reduce their tax bills for several years to come.  99% of our clients had no idea they could make the claim!

There is no time limit to make the claim if you still own the property, so if you can answer yes to the following questions, you may be entitled to a tax rebate from HMRC:

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Commercial Property Acquisitions Claims

If you own a commercial property and can say yes to the following questions, you could be due a tax rebate from HMRC

Did you buy a commercial property before 1 April 2014?*

Did you pay over £150,000 to purchase the property?

Have you paid tax in the UK in the last 2 years?

* you may still be able to claim if you bought after 1 April 2014, please get in contact

What’s it all about?

When you buy a capital asset e.g. a machine for use in a business, you can’t deduct your expenditure on that asset from your taxable profit to reduce your tax bill. Instead, you may be able to claim capital allowances.

Capital allowances extends to the ‘fixtures’ you acquire with a commercial property. Fixtures include the electrical, heating and ventilation systems, kitchens, sanitaryware, alarm systems etc.

As identifying the value of fixtures acquired with a commercial property requires the skills of surveyors and specialist tax consultants, many claims have been missed. It has been estimated that 8 out of 10 small business and property investors have not made claims for capital allowances on fixtures.

In most instances property owners are entitled to claim capital allowances for the proportion of the purchase price that related to the fixed plant and machinery and integral features they acquired with the property.

Why haven’t I made a claim already? 

The tax legislation for claiming capital allowances on fixtures  is complex and given that the purchase price does not normally include an apportionment for the value of the embedded fixtures, to be able to make a claim, it requires the skills of professionals in tax and surveying.  It is outside the remit of a general accountancy or surveying firm.

Whilst many of the UK’s leading businesses and property investors have benefited from the significant tax savings available, very few independent businesses and individuals have made claims.  HJ & R was set up to enable small businesses and private landlords to unlock the tax savings in their properties without having to pay all the tax savings back out in professional fees.

How much tax could I save? 

A claim on these fixtures could represent a substantial tax saving and, in most instances, cash repayments of tax from HMRC. We are regularly making claims between 20% and 40% of properties’ purchase prices, sometimes even more, for our clients.  Check out our Case Studies page for some examples of some of our success stories.

We are happy to work on a no win no fee basis in most cases and we don’t have any fixed survey costs! 

Not every commercial property acquisition will be due the tax relief but our team can carry out all the necessary enquires to determine a property owner’s entitlement to make a claim. 

If you would like to find out more information down load our free ‘guide to capital allowances for commercial property claims’  or contact us now to discuss your property.

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