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If you own a Commercial Property or Furnished Holiday Let read on…

This valuable form of tax relief which is often overlooked has recently been increased by HMRC and remains yours to claim.  97% of properties remain unclaimed meaning that the majority of UK commercial property owners have paid too much tax. In 2001, The Revenue opened a highly valuable tax window for owners of commercial property, in 2012 the may be closing it again. ACT NOW.  This allowance is not a privilege; it’s your right.

On Commercial Property there is a specific HMRC criteria for the allowance to become payable.  Fortunately it is simple and an estimated two million properties qualify if the property classified as commercial, if the purchase price was in excess of £150,000 and if the owner a UK tax payer.

Once again for Furnished Holiday Lets there is a specific HMRC criterion for the allowance to become payable for an estimated 500,000 FHL property owners who qualify.  The criteria includes whether the property is a Furnished Holiday Let in the UK or an EU country, was the purchase price in excess of £150,000, is the owner a UK tax payer and is the property let out for more than 70 days per year and available for more than 140 days per year?

If the answers to the relevant above criteria are YES then it is likely that thousands of pounds can be saved in your next tax bills.

Maybe this sounds too good to be true?  If £25,000 in unclaimed capital allowances is not identified then there is no fee whatsoever. You have nothing to lose and everything to gain. 

To complete the Client Instruction Form or for more information please don’t hesitate to contact Deborah Whiteley at Financial Vision Partnership on 07585 774181 or at deborah.whiteley@fvpartnership.eu