Retrospective Portfolio Reviews
Who needs it?
Any property investors who have incurred expenditure on the acquisition or purchase of property assets and who now seek to release additional value from their property holdings.
What is it?
There are many reasons why property investors may not have claimed capital allowances in the past. These reasons include not being aware that claims could be made, not being in a tax paying position at the time the asset was acquired, belief that because the asset was old that the allowances would be insignificant and also belief that someone else has claimed the allowances. However there can be much financial merit in re-examining historically held properties with a view to establishing if any capital allowances could currently be claimed. Capitus has undertaken such retrospective reviews on many occasions, with success.
Capitus will undertake an audit of historically held property, carry out a due diligence exercise to establish any factors which may limit the ability to claim capital allowances and provide estimates of allowances potentially available should a full claim exercise be undertaken. Claims can then be prepared and introduced into the most appropriate tax year available which, in many cases, can result in significant repayments of tax.
Please call 0121 447 8388 or e-mail enquiries@capitus.co.uk for queries on any of our services. We will personally get back to you. Our initial advice is free!
