A common question that we get asked by property owners is why their Accountants wouldn't be dealing with Capital Allowances. The important thing to remember is that when someone is consulting on specialist areas of tax, they carry with that a liability to ensure that the information provided is 100% accurate.
If you were to think of your Accountant as a general practice Doctor, and then think of a tax specialist as a Cardiothoracic Surgeon, the question is, who would you want to carry out your triple bypass?
Whilst most Accountants should be dealing with Capital Allowances on loose items such as desks and laptops, it is most unlikely that they will have under their remit a team of Chartered Surveyors to accurately inspect a property, or a team of dedicated property tax experts that have spent time studying the 100+ years of case law relating to Capital Allowances, or a specialist team of forensic Accountants that work with Capital Allowances all day, every day!
This mix of specialist skills are what underpin an accurate and robust Capital Allowance claim.
Here is a deeper explanation of what goes into completing a robust Capital Allowance claim for our valued clients.
We hope that you can now see why our work bears no negative reflection on your Accountant or their abilities, as no one can be a specialist in everything. However, it is your Accountant’s responsibility to ensure that that you are given the best advice possible when it comes to your tax affairs.
For a free, impartial discussion regarding your Capital Allowances, please submit your details by following 'Get Started' button below.