OCG Accountants
Capital Allowances
Speak to us
Contact our Capital Allowances experts to see how we can help you
What are Capital Allowances?
Have you recovered capital allowances on….
Qualifying Assets
Serviced Accommodation
Holiday Lets
Commercial Property
Property Improvements
Structures and Buildings
Capital Allowances
Capital Allowances are a tax relief practice which allows taxpayers to deduct capital expenditure against their annual taxable income. We follow a 4-step process with new clients, which starts with filling out our contact form. Once completed, someone from our Capital Allowances Team will contact you to discuss your unique situation and how we can help.
Capital Allowance Expertise
We are a team of specialists dedicated to advising and processing capital allowance claims associated with property. We have a team who work through capital allowance legislation to build an expert knowledge of qualified expenditure, ensuring the correct approach is taken to every given scenario and property portfolio.
Taxation Knowledge
Our team advise clients how best to utilise the identified unclaimed capital allowances. They have the ability to take into consideration clients’ existing tax position, the potential for tax refunds and potentially any Group or Sideways relief. We will also go further, discussing how the identified capital allowances could improve your current and future tax position.
Accountancy Skills
Our Accountants complete a high level of due diligence in the analysis of your Accounts, Tax Returns, Repairs and Renewals, and Fixtures and Fittings to support our approach when submitting claims to HMRC. We also offer a wide range of Accountancy services to assist all your business needs.
Our Services
Capital Allowances are a type of tax relief. They let you deduct some or all of the value of an item from your profits before you pay tax
Get in touch
Telephone
01642 035 208
capitalallowances@ocgaccountants.co.uk
Address
Biz Hub Tees Valley,
Belasis Hall Technology Park,
Coxwold Way, Billingham,
TS23 4EA.
Frequently Asked Questions
Why haven't I heard of Capital Allowances?
Capital Allowances are a specialist and not well-known area of taxation, however, they have been established in law since 1878.
Do the tax savings have to be paid back when I sell?
No, once the claim has been accepted by HMRC, they are there to be set against the tax of whoever owns the property.
Will it affect my Capital Gains Tax?
You are able to use the tax savings made from the Capital Allowances towards any CGT you may have to pay.
Is it a tax scheme that could be stopped?
Capital Allowances are a way of obtaining tax relief on some types of capital expenditure. They are treated as another business expense and are a government supported allowance.
How much do you charge?
Our fees are based on a percentage of the Capital Allowances that we find. We aim to recoup the fees from your tax savings rather than asking for a payment up-front.
Buying a commercial property?
OCG Accountants work closely with OCG Legal to help ensure your Capital Allowance claims can be protected.
Contact our Capital Allowances team today
Helping business owners and investors make the most of being in business
OCG Accountants
Contact our Capital Allowances Team
Complete the form and our Capital Allowances Team will be in touch with you to discuss your enquiry.
Business & Property Accountants
