When you buy, lease or improve a commercial property, HMRC allows you to offset some of that expenditure for tax purposes. Your advisors have probably claimed for the more obvious features, but as capital allowance specialists we dig much deeper to make significant additional claims on your behalf. Typically, we can reclaim tax of between 25% and 45% of the commercial property price.
This is not a tax loophole or avoidance scheme. We use specialist surveyors with tax expertise, to visit your property to uncover this extra layer of allowable items. This service is relevant for two types of clients:
Commercial property owners and developers who can retrospectively claim for unused allowances, (going back many years in some cases), for alterations, extensions and upgrades to their buildings
Buyers and sellers of commercial property who need to agree a value for plant and machinery as part of the purchase process
RIFT can help you take full advantage of these tax breaks with a complete claims service including settlement with HMRC.