A Short Introduction to Curtis Plumstone Associates
Our capital allowances claims services for property / buildings are professional and highly competitive.
Land remediation means restoring contaminated or long-term derelict land and is an effective way for businesses to reduce their tax liability.
The Budget of 2018 announced the government will introduce a new Structures and Buildings …
I approached John Plumridge for a historical capital allowances claim on a furnished letting holiday complex of 4 cottages I bought way back in 2006. Things were complicated because I had significantly renovated the cottages since then. He agreed a reasonable fee – a percentage of any extra capital allowances claimable – and his colleague Nick Johnson visited the site within a few weeks. A few weeks later his report was emailed to me, which included £98K of extra Capital Allowances (written down value), and I can use 18% of this every year to claim as an expense against profit. Even as a lower rate taxpayer this will save me £20K in tax over the next few years, BRILLIANT!.
Both Nick & John were extremely friendly and helpful and I have not had any problem submitting my claim to HMRC. I would urge every FHL owner to consider making a historical capital allowance claim if they can – why pay more tax than you need? If you do want to make a claim then I FULLY RECOMMEND Curtis Plumstone, they did exactly what they said they would do, the process was painless, took virtually none of my time and has saved me loads of dosh – what’s not to like?
I did approach several other companies, most of them didn’t call back, had a much higher fee, were too pushy or I wasn’t convinced by their attitude on the ‘phone.
I was very happy with the service I received as well as the cost which was fair. Venator Property Management will be making a number of new acquisitions of commercial property in the next few year and I will definitely be back in contact with Curtis Plumstone. Alex Bonnet, Venator Property Management Limited, Bournemouth, Dorset.
Curtis Plumstone managed to identify capital allowances in excess of £575,000 for two of the nursing homes owned by our clients. This has resulted in substantial tax refunds in 2011 and reduced tax liabilities for 2012. We are grateful to John Plumridge and Nick Johnson for their professionalism and advice throughout and would highly recommend them. – Yogi Dhorajiwala CTT ATT of YD Associates.
Recent Changes in legislation served to highlight that one particular client could make more of the capital allowances on this hotel. With some research on different providers we are delighted we approached John Plumridge of Curtis Plumstone. John was able to meet with the client , address any concerns that the client had and provide a survey and report to support a very material claim for capital allowances. Having considered the report carefully we are quite clear that this would not have possible to prepare in house and specialist knowledge is a prerequisite. I would also add that John was very mindful of the accountant / client relationship and at no point did we feel our position was being undermined – remember that these allowances are there to be claimed and it just takes longer for some to submit their claim!! Jamesons Accountants, Witney, Oxfordshire.
Having made a very substantial financial investment converting our family run hardware retail outlet into a covered parade of smaller shops, on the advice of our accountants we decided to engage a Capital Allowances Specialist to obtain tax savings that might be available to us. We are most pleased we chose Curtis Plumstone who were professional throughout and produced very good results with minimum disruption of the business and a fee level below the competition. www.warwicklane.co.uk
Do you own a commercial property either freehold or leasehold? Or have you spent a significant amount of money developing a rented property? Many of those who are entitled claim, have not claimed their full entitlement of capital allowances. Thus they have missed out on tens, if not hundreds of thousands of pounds in legitimate tax relief. This type of tax relief applies to “Plant & Machinery Fixtures” in commercial properties and is allowable under the Capital Allowances Act 2001 (CAA2001). It is in lieu of depreciation which is not eligible for tax relief. While “Plant and Machinery (P&M) Fixtures” is the technically correct terminology you may also see reference to “Integral Features” and “Embedded Fixtures”. All these terms relate back to P&M Fixtures.
If you are the owner of a commercial property (or have spent a significant amount developing a rented property) and pay tax in the U.K., it is worth investigating if your property expenditure qualifies. Also it does not matter whether the building is owned by an individual, partnership or through a limited company. You may be the landlord or run your own trade at the property. Capital allowances for commercial property expenditure will apply if the building has “Plant & Machinery Fixtures” you will you use to support your business activity.
As well as the general equipment you use for your work such as computers or photocopiers, you can make capital allowances claims for commercial property expenditure against “Plant & Machinery Fixtures” in your building.
There is no definitive list of these “fixtures” and identifying all of them and valuing them appropriately is what makes us Capital Allowances Specialists. Here are some examples of what may qualify
You may already be claiming some level of capital allowances tax relief for things such as computers and lose furniture but by ignoring “Plant & Machinery Fixtures” you may have underestimated the extent of what you may claim. If this is investigated by us, you may well be entitled to a sizeable tax rebate and many further years of ongoing tax relief.
Curtis Plumstone Associates make it straightforward to claim capital allowances for your commercial property. We have a long history of making successful capital allowances claims on behalf of our clients. If you think your commercial property could be eligible, contact us via our Capital Allowances Estimate Form or by telephone phone or email. We will provide a capital allowances estimate for your commercial property and advise you on your options. Unlike other professions we do not charge for general advice and guidance. We only charge when we are able to make a substantial claim.