Unlock Unclaimed Tax Relief in Your Business Property

Are you a business property owner who's been missing out on a significant tax windfall? It's estimated that tens of thousands of pounds are being left unclaimed by property owners who are unaware of the hidden tax relief opportunities available to them.

We have partnered with Eureka Capital Tax Allowances, as they are experts in the field. Eureka specialises in identifying embedded fixtures and fittings that can unlock significant tax savings. Their team has a 100% success rate when agreeing their findings with HMRC, so you can have confidence in their expertise. On average, they’ve helped clients unlock around £40,000 in tax savings per property!

According to Eureka, there are two key areas where business property owners can unlock hidden tax reliefs:

Purchase Claims

Did you know that when you purchased your business property, there were likely items already installed that could qualify for tax relief? These "hidden" fixtures and fittings can be claimed as part of your purchase price. It's a one-off exercise that can result in a whopping 45% of the purchase price being eligible for relief. Identifying these items is extremely complex, usually requiring the expert eye of surveyors and capital allowances specialists.

Cost Claims

Cost claims relate to identifying and claiming capital allowances on work carried out since acquisition. While your accountant may have claimed the basics, there's often more available to claim. Overlooked or missed capital allowances can add up quickly, that’s where Eureka’s expert team can identify and optimise every qualifying allowance.

How do I know if I am eligible?

If you purchased your property for over £200,000 or have spent over £200,000 on development and improvements since acquisition, then you might be eligible for some hidden tax relief.

Get in touch with Eureka today and follow these simple steps to see if you could save yourself some money:

1. Contact their team for a no obligation conversation to assess your eligibility
2. Receive an illustration outlining your entitlement for no cost
3. Book a survey of your property
4. Capital Allowance Valuation Report submitted to HMRC
5. Benefit from substantial pool of tax savings and tax rebate within around four weeks.

Get in touch

To find out more about insurance and risk management solutions for your property, speak to our team today by calling James Anscombe on 079 6785 0015 or emailing james.anscombe@towergate.co.uk.

About the author

James Anscombe Cert CII is a respected industry leader with over 10 years' business development experience protecting clients in the charity insurance sector. His professional area of expertise is working with and developing new clients within the not-for-profit sector, offering the best solutions to each individual charity to protect organisations for the long term.

Consistent with our policy when giving comment and advice on a non-specific basis, we cannot assume legal responsibility for the accuracy of any particular statement. In the case of specific problems we recommend that professional advice be sought.