Member Since: 15th Nov 2010
After failing at and early age to make a living by playing guitar, I started a career helping clients to save money and become more efficient. In 2009 I set up Curtis Plumstone Associates to concentrate on undertaking Capital Allowances Claims on Commercial Property. My business partner is a Deloittes trained expert in this field and my job is to keep him as fully employed as possible on projects large and small.
Curtis Plumstone Associates
20th Feb 2017
Try Dominic Beeton at Beeton Edwards see details below. I know they used to be able to work on a fixed fee. Please mention my name if you contact him which is John Plumridge. Whoever you use make sure they are looking closely at the capital allowances claims history of the property especially if they are representing the buyer in this case.
Beeton Edwards LLP
Unit C Drivers Wharf Business Park
Tel: 023 80 382850
29th Dec 2016
I would recommend Ben whose details are below. Very professional, personable and with a realistic fee structure. If you contact him please let him know the referral came from John Plumridge.
Tax Consultant and Director
Gander Tax Services Limited
Telephone: 01730 231054 or 07889 541959
Office address: 55 Station Road, Petersfield. GU32 3ES
11th Nov 2015
You say that the pay out for shop fittings was £25,000 but that £30,000 has gone direct to the supplier for shop fittings. Could you explain?
1st Nov 2015
Potential Capital Allowances
If you want to earn some real brownie points then contact a capital allowances specialist to investigate whether there has been a previous claim for embedded fixtures within the property e.g. heating system, electrical systems, etc etc. Don't get fooled into thinking that a fixtures list within a purchase contract, which usually is just a list of "loose chattels", constitutes a full claim. In our experience, where a retrospective claim is possible, then 25% of the original purchase value could be claimable (if not more),
You could produce a hefty tax rebate for your potential client and save them a lot of tax going forward. Please PM me if we can be of assistance.
John - Curtis Plumstone Associates.
21st Sep 2015
Section 23 - List C
My first port of call in these instances is CA2001 S23 - List C
In this case point 5 would suggest that provided there is a qualifying activity and your client holds an interest in the land that you are on safe ground to claim CAs and the AIA.
Cookers, washing machines, dishwashers, refrigerators and similar equipment; washbasins, sinks, baths, showers, sanitary ware and similar equipment; and furniture and furnishings.
16th Sep 2015
I have to disagree with some of the comments being made here with regard to capital allowances. Firstly P&M is a broad term which covers "Integral Features" as well as other "Fixtures" in a property. The point of highlighting Integral Features as a separate category is just that they have to be pooled in the "Special Rates Pool"
If the vendor of the property purchased it before the relevant integral features legislation came into effect in April 2008 then your client will be able to claim for the integral features on the basis that the previous owner would not have been able to. These integral features could then be claimed for on the basis of your clients expenditure on the property.
Your client may well have been able to claim for other "fixtures" in the property based on the vendors original expenditure on them but the opportunity to sort this out has probably been lost because they have completed on the property. There is a chance, but it is highly unlikely, that the solicitor included clauses in the contract which would call for the vendors co-operation in helping your client claim for these fixtures.
If your client was able to claim the integral features they would, in my opinion. need the assistance of capital allowances claims specialists to undertake a "just and reasonable apportionment" of the purchase price.
1st Jun 2015
We don't touch HMOs
In our opinion the claiming of capital allowances in HMOs is now generally limited to common areas such hallways and landings. Prior to October 2010 it was common for HMO claims to be on all shared areas including kitchens and lounges etc.
Because of the limited scope for claiming on HMOs we no longer undertake claims because the cost of carrying out the required "just and reasonable apportionment" on behalf of a client generally outweighs the potential tax benefits. I know of at least one company that promoted capital allowances claims on HMOs post October 2010 who have found themselves at odds with HMRC.
1st Apr 2015
I agree and disagree
We would claim for the additional security measures on the walls and doors in this instance arguing, as previously stated, that they are a specific requirement of this trade.
We do not claim claim for fire doors.
26th Feb 2015
An Accountant Down the Pub
Just to add some balance we have just completed a capital allowances claim for a pub owner. They nearly didn't go through with the service because an accountant friend who comes into their pub said that their own accountant should be able to do all the necessary work.
We have reduced the pub owners January tax liability down from £10k to nearly zero. Beware of those friends and accountants down the pub giving advice!!
22nd Jan 2015
Last throw of dice?
Thank you for your answer Portia.
Would it make any difference if the client went back and amended their 12/13 tax return to exclude the W&T allowance? i.e. they just claimed capital allowances for 13/14? Would this then allow them to claim AIA in 13/14?
Also we may be undertaking a claim for the fixtures in the property which would not have been allowable when it was an ordinary rental property so could AIA be claimed on these?
Thanks very much for your help.