Hotels and Guest Houses - Capital Allowances and Retrospective Claims

Hotels and Guest Houses - Capital Allowances and Retrospective Claims

Capital Allowances for Hotels and Guest Houses

Are you claiming your full allocation of Capital Allowances?
The benefits of Capital Allowances for Hotels and Guest Houses are amongst the most valuable forms of tax recovery.

The results of making a Capital Allowance claim on your Hotel or Guest House will vastly reduce the amount of tax you pay on any profits you post in future years. In the majority of cases providing you have made a profit in the previous 2 years, a Hotel or Guest House will receive a lump sum of any overpaid taxes they have made.

The result of a Capital Allowance will allow you to invest back into the business.

• Investment in Guest Room Decoration and Improvements
• New IT Equipment and Booking Systems
• New Outdoor Areas for Guests
• New / Refit of Communial Areas / Bars
• Increased Marketing Budgets / Web Site
• New Telephone Systems
• New Security System

What is involved in making my claim?

The claim starts with an initial meeting at a time suitable to you. From this meeting one of our advisors will acertain as to whether you are able to make a claim. If you do qualify, and after engaging our services their is little else we require for you to do. From this point we will arrange to collect all neccessary accounts and paperwork, carry out a Capital Allowance Review followed by a comprehensive Capital Allowance site survey a detailed survey report is produced with accurate valuations relating to the previous unclaimed qualifying items taking into account time and regional variations.

A current year claim is where we identify additional capital allowances which can be used by the client accountant for inclusion in a tax return for a year not yet submitted.

For retrospective Capital Allowance claims the report and supporting evidence is submitted to the HMRC by us with most claims being accepted by the revenue with in 6 - 10 weeks. To arrange an informal meeting with one of our Capital Allowance specialists, please call us 01246 293011, alternatively email sales@salmon-business.com

Why use Salmon Business Group to handle your claim?

There are numerous reasons why we are able to identify significant previously unclaimed capital allowances. The tax legislation covering capital allowances is complex and the interpretation of this legislation has changed many times over the years, (the latest budget is a case in point) and a review at a later date can reveal new areas to claim. Salmon Business Group can identify items that previously did not qualify but do now.

One of the main reasons we are able to make large retrospective capital allowance claims is the fact that vendors have rarely claimed all the capital allowances available and thus the purchaser has the opportunity to do so on the original items still in use. (Subject to contract).

For further information about making your claim, please call us today:
Tel: 01246 293011
and ask to speak with a Capital Allowance advisor

Visit Salmon Business Group
www.salmon-business.com

Capital Allowances | Retrospective Claims

Capital Allowances and Indirect Tax Specialists

Tax Benefits for Commercial Property owners making a Capital Allowances

HELPING TO REDUCE BOTH YOUR PERSONAL / CORPORATION TAX LIABILITIES, AND WHERE POSSIBLE RECOVER ANY OVERPAID TAXES
Our goal is to build a trusting and co-operative relationship with our clients to provide specialist knowledge and services to fulfil their business strategies. Our aim is to work in partnership with our clients to provide the highest possible levels of quality. We intend to inspire customers and inform with solutions that will impact positively upon the current and future business driven requirements of our clients.

Capital Allowances enable the cost of capital assets to be written off against the taxable profits of a business. Capital allowance claims equate up to 35% of your freehold cost!

Are you claiming your full entitlement of Capital Allowance?
___________________________________________________________________

Salmon Business Group are key industry specialists who work along side Local Government Authorities to assist businesses throughout the UK in maximising their allotted tax allowances and recovering all overpaid VAT and tax payments.

Our company works on an exclusive No Win - No Fee basis.

Contact Salmon Business Group to discuss your tax refund and reduction of future tax liabilities.
Visit www.salmon-business.com

Qualifying Criteria to Making a Capital Allowance Claim

To qualify for a current or retrospective Capital Allowance claim, our criteria is a follows:

1. The acquisition of the commercial freehold property must have taken place within the last 15 years (preferably within the last 10 years)
2. The related acquisition costs exceed £300,000
3. The freehold property must be owned by the client personally or a trading company.
4. Subject to no restriction in the lease regarding capital allowances, a claim could be made regarding a long lease over 25 years where a significant premium has been paid, and / or improvements in excess of £300,000 have been taken.
5. We are happy to make a claim for the extensions on property improvements with a minimum value of £300.000.
6. New builds or purpose built offices should also qualify.
7. We can carry out current year claims.
8. And finally, the client has paid tax on trading profits or rental income during the last 2 years.

Providing you qualify against all of the above points, then you are eligible to make a Capital Allowance claim.

For further information on making your Capital Allowance claim and to arrange your FREE site survey, please visit our site www.salmon-business.com
alternatively, call one of our Capital Allowance specialists on 01246 293011.

Day Nurseries and Private Schools - Capital Allowances and Retrospective Claims

Day Nurseries and Private Schools - Capital Allowances and Retrospective Claims

Tax Recovery for Day Nurseries and Private Schools

Are you claiming your full allocation of Capital Allowances?

The benefits of Capital Allowances for Day Nurseries and Private Schools are very substantial and very straight forward to claim.
The results of making a Capital Allowance claim on your Day Nursery or Private School will vastly reduce the amount of tax you pay on any profits you post in future years. In the majority of cases providing you have made a profit in the previous 2 years, a Day Nursery or Private School will receive a lump sum of any overpaid taxes they have made.

The result of a Capital Allowance will allow you to invest back into the business, enabling you to purchase items such as:

• New Equipment and Apparatus
• New Security Systems
• Safe Outdoor Playing Areas
• Building Extensions

For further information about making your claim, please call us today:
Tel: 01246 293011
and ask to speak with a Capital Allowance advisor

Conservatives Set To Reduce Capital Allowance Rates.

The Tory Manifesto is about to close the Capital Allowances for Embedded Fixtures and Integral Features.

These refunds will be reduced greatly as the tax system is being simplified and complex claims are going to be abolished.

The reference says the Conservatives aim to cut the headline rate of corporation tax to 25p and small company rate to 20p funded by reducing complex tax relief’s and allowances. –see http://www.conservatives.com/Policy/Where_we_stand/Business.aspx second point on their priority list!

The opinion in the accountancy profession and of some financial guru’s is the Tories will attack capital allowances so I would strongly suggest clients act now or they will regret not doing so, this door will be closed in 2 years.

Salmon Tax Adjusters are the most competitive in the market, work on no win no fee basis, and the fee is not payable until the refund is in place – so you really have nothing to lose! Act now and get the Capital Allowances you are legally entitled to!

Whichever government was elected to lead us over the next term, cut backs were expected to hit business hard, and with Capital Allowances being amongst the most valuable methods of reducing property owners' income tax or corporation tax liabilities. The Conservatives have stated in their manifesto that they are seeking to target this tax advantage.

Don’t miss out on these valuable tax advantages whilst they are still available to you – speak with an adviser today and arrange a FREE site survey NOW

_____________________________________________________________________________________Contact us today on 01246 293011
Alternatively, visit us at www.salmon-business.com

Capital Allowances | Retrospective Claims

Capital Allowances | Retrospective Claims

Confused about Capital Allowances?

With 50% first year allowances now scrapped and replaced by annual investment allowances covering embedded fixtures and integral features with 20% and 10% writing down allowances located accordingly. Is it any wonder many business owners are confused and are not claiming their full Capital Allowance entitlement.

A professionally prepared Capital Allowance claim could generate a substantial tax refund with significant tax reduction year on year. Capital allowance claims equate up to 35% of your freehold cost!

Capital Allowances arise from capital expenditure on:

* Purchase of an existing or newly built property
* Construction of a new property
* Building alterations, extensions and refurbishments to a property
* The fit-out of let property

If you are confused about Capital Allowance claims, you are more than likely not claiming your full entitlement.
Don’t miss out on these valuable tax advantages any longer – speak with an adviser today and arrange a FREE site survey NOW!
________________________________________________________________________________________
Contact us today on 01246 293011
Alternatively, visit us at www.salmon-business.com