Could You Unlock Hidden Capital Allowances?
Lewis Smith & Co. has introduced a new service that could recoup thousands of pounds in tax refunds and tax relief. The service consists of a professional valuation to identify capital allowances related to commercial property and then the prepare of a detailed tax claim to HMRC.
When commercial properties are acquired they always contain items that should be classified as plant and machinery. However unless specialist surveyors are employed these items are often not reported on and the tax relief which can be legitimately requested against them goes unclaimed.
Examples of the kind of items include;
- Hot water systems
- Fire equipment
- Telephone installations
Who Can Claim?
Almost any business that owns, uses or lets commercial premises has the potential to benefit from this service. We have made successful claims on behalf of a wide range of different businesses.