A NEW service at a York accountancy firm has helped eight of its clients claim tax allowances worth a total of £6 million within the first three months of its launch.
Garbutt + Elliott launched the in-house dedicated capital allowances service in May to help those clients who own commercial property to access thousands of pounds in tax relief.
The service is headed by property services team partner Jeremy Oliver, who said: “As any business or individual which owns commercial property can benefit from a capital allowances claim, we expected this to be a very successful addition to our offering and I am delighted to have seen such a significant amount generated for our clients in a very short space of time.”
Capital allowances cannot be claimed on buildings themselves, but can be claimed on internal fixtures. However, more than half of commercial property owners have not made a capital allowances claim.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here