Julia Barnard

Julia Barnard


Property Taxation & Capital Allowances

Many businesses do not realise that up to 30 per cent of the cost of buying a commercial building can attract tax relief.  Claims can be made on new and second-hand buildings.  It does not matter how long ago you purchased the building, you are still entitled to make a claim.

Buildings are generally purchased for use in your business or as part of a commercial rental portfolio therefore tax relief is unlikely to be the key driver in the purchase.  However, you should qualify for the tax savings, so why not claim them?  The tax allowances can reduce the tax your business pays, be set against the rental stream from an investment property or generate tax repayments.

fcf has a wealth of experience in this area and can help you:

  • Review your existing property portfolio for tax savings
  • Maximise the tax benefits
  • Guide you through the potential pitfalls when you dispose of the building

Property transactions are the most complex of all as they involve not only capital allowance issues but almost every aspect of taxation.

We have been advising clients for more 20 years in this area and are fully conversant with the complex and ever changing legislation.  We always bear in mind the overall tax position of the business in terms of profitability and timing in order to maximise tax relief claims.