If you own a commercial property or a Furnished Holiday Let or have carried out improvement works to an owned or leased property, now is the time to speak to STax to discuss a Capital Allowance Claim.
Capital Allowances are a form of tax relief that allows businesses to deduct the cost of certain qualifying assets, such as plant, machinery, and integral property features, from their taxable profits, reducing the overall tax bill.
We have been assisting clients with Capital Allowance Claims for over a decade, resulting in the recovery of more than £500 million in previously unclaimed and often overlooked Capital Allowances.
As we near the close of this year and the beginning of the New Year, it’s crucial to keep track of important deadlines:
31 December 2024
- Due date to file Corporation Tax Returns for companies with 31 December 2023 year end.
- Due date to file company accounts with Companies House for limited companies with 31 March 2024 year end.
31 January 2025
- Deadline for filing Self -Assessment Tax Returns for tax year ended 5 April 2024.
WHAT TO DO NEXT
To maximise your potential Capital Allowances claim, it’s essential that STax act on your behalf in a timely manner. Typically, it takes us 4-6 weeks to gather all the necessary information for your claim; however, this can vary on a case-by-case basis, so the sooner we start, the better.
To find out more please complete our contact form or call our team on 020 7147 9940.
We can even carry out some initial research to give you an indication of the possible amount of your claim.
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