Senior Surveyor
CurrentSenior surveyor at HMA Tax working with clients who own commercial property, helping identify embedded capital allowances.If you are a commercial property owner and a UK tax payer then you could be missing out on thousands of pounds of tax allowances better known as “embedded capital allowances”.Whilst most ‘everyday’ purchases (such as computers, carpets, desks etc) have usually been claimed by your accountant, more complex and significant items may not have, due to the specialist nature of the work involved. The good news is that help is at hand. We at Headley Meredith Associates, are specialists in claiming embedded capital allowances, we have a team of specialist tax advisers and surveyors who will work to reclaim unused tax allowances within the property. We’ve helped lots of businesses like yours uncover thousands in unclaimed tax allowances. On average we find 25% of the property cost in allowances. A figure that just can’t be ignored.OK, so what embedded capital items? These are things that are considered part of the building such as roller shutters, fire doors, security systems, cabling, carpet & flooring, central heating and bathroom facilities and much more. Often we can claim a significant tax allowance for these items – saving you thousands.Precise amounts of Embedded Capital Allowances refunds can vary based on the property itself - so giving an accurate figure at an early stage can be difficult.However so far the averaged below can be used as a general guideline as to how much could possibly be claimed: • Hotels & Holiday lets – 40% • Offices – 35% • Care Homes – 35% • Pubs & Restaurant – 32% • Retail – 20% • Industrial – 15%To find out if you qualify to claim Embedded Capital Allowances, visit our website at www.hmatax.co.uk
