Commercial property owners are able to claim thousands of pounds in tax relief against their property through Embedded Capital Allowance. An embedded item is inherent in property and can come in the for of anything from air conditioning to toilet fittings.
It is estimated that up to 80% of the allowance is never claimed. There are many commercial property owners that do not receive the due tax refund due to a lack of expert property tax advice.
For commercial property, you need a specialist team to determine the qualifying items embedded in the property, an understanding of how to use complex HMRC formula and an understanding of the complex tax rules. All of those skills can be applied by an embedded capital allowances expert.”
A typical claim would be around 25% of the original purchase value of the property, which represents £125k of allowances in a £500k property, translating as £50k in tax refunds.