Capital allowances

Commercial property owners are entitled to a very material tax relief on plant and machinery within their premises. It is estimated that 90% of property owners are either unaware of or not maximizing their entitlement. This is a specialist field relying on a high degree of property skill. Harben property  have identified a number of expert firms who can deliver this service to our clients

Capital allowances can be claimed on new property acquisition and retrospectively for up to six years from the original purchase date –As most commercial property purchases have not fully utilized the allowance it provides a real opportunity for companies to benefit from historic transactions. The service can deliver real cash benefit of between 5% or 10% of a property value. Most accountants are unaware of the tools and professionals who are able to help with this area and as such up to 90% of commercial Property Owners are eligible for rebates or reductions in tax bills.

If you would like to know more about capital allowances please call us.