The Professional Service
The detailed service that will be provided can be summarised as follows:
Legal – compiling and researching the legal documentation for each claim will be carried out to fully substantiate the legal basis of entitlement.
Research – where required, either pre or post acquisition, negotiating with the vendor and the vendor’s advisors in respect of the purchasers entitlement to allowances.
Cost – gathering all cost information available and supplementing this wherever necessary with our own cost and value database.
Survey – visiting the property to carry out a full survey of the building, with particular emphasis on the inherent machinery or plant contained within.
Schedule – a full schedule of the machinery or plant contained in the property will be prepared. The legal basis of the claim will be clearly stated, with supporting information required by the Inland Revenue in the early stages of agreeing the claim. In addition and where applicable a schedule of expenditure qualifying for industrial buildings allowances will also be prepared.
Substantiation and Negotiation – full substantiation of the schedule, legally based arguments and responses will be provided for negotiation with the Inspector of Taxes and Valuation Office. We can negotiate directly with the Inland Revenue or via your accountants.
Reporting – we will keep our client and their advisors informed of our progress throughout the negotiating process.
Acquisitions – advice will be provided regarding the estimated level of allowances and matters that require consideration on any existing or proposed acquisitions.
Joint Elections – upon the acquisition or disposal of a property a joint election pursuant to Capital Allowances Act 2001 can be prepared and negotiated on your behalf to protect the level of capital allowances to be claimed.