Important Deadline for Commercial Property Owners

Next April, important changes are being brought in which may have a serious impact for owners of Commercial Property.  It is possible that current owners of commercial property have unclaimed capital allowances on certain fixtures and fittings imbedded within the property.  Under current legislation, property owners are able to make a claim for fixtures purchased at any time, and still receive tax relief for the last two years. The new rules will require businesses to pool their expenditure on fixtures in a building, within a short period of acquiring the building, in order to qualify for capital allowances. It is possible that the new rules will prevent claims being made for fixtures in property purchased or built in the past.

Greenstones have a teamed up with an expert group of Capital Allowances advisors.  This group will carry out a free assessment of commercial property using a specialist team of surveyors and solicitors.  If they believe a claim is possible, they will handle all of the paperwork to make sure that property owners do not miss out.  They will only charge a fee if a claim is possible.

If you have purchased commercial property costing more than £300,000, carried out improvements to commercial property costing more than £300,000, or believe that the current value of your commercial property is in excess of £300,000, please contact us urgently to find out more on 01733 371180.