Case Studies - Capital Allowances

Capital Allowances

We are delighted to provide a testimonial for the services provided by Catax. This type of work is specialised and I believe that you would be doing your client a disservice if you tried to do this yourself or did not consider it.  The initial meeting with Catax was very clear and the “Client Benefit Analysis” provided was not only very clear, but we were also able to reflect the simple adjustment on our client’s tax return. They also provided the notes we had to attach on the amended returns which gave further assurance. The whole arrangement saved my client in excess of £44,000 after Catax fees. This was actually more than we initially estimated. I therefore, have no hesitation in recommending Catax for future tax saving opportunities

Anil Tailor, Celerica LLP

Capital Allowances Valuation Reports are a service we have provided for our clients. We have identified Capital Allowances claims as being one of the largest tax breaks our client are entitled to. We discuss Capital Allowances as part of our financial planning with our clients, in particular in the tourism sector as the commercial properties concerned often have a higher than average value of Capital Allowances embedded within the property, for example all the electrical points needed in every bedroom of a large hotel. This process can enable us to reduce the tax liability of our clients, and more often than not our clients will be entitled to a tax rebate from a retrospective claim and on-going reductions in the tax liability for years to come

Hitesh Gadhia, Shaw Wallace

We have now worked with Catax on several cases for clients within the tourism sector and have found their service to be a seamless add-on to our own. The cases we have worked on have resulted in tens of thousands of pounds being refunded back to our clients from HM Revenue & Customs without any issues. I have no hesitation in recommending the process to clients within the tourism sector and now do this almost as standard practice as I believe this to be a lucrative opportunity for my clients

Rishi Chandarana, BPC Chandarana+Co

With clients in the tourism sector we actively highlight the potential to claim Capital Allowances, often as early on as during our introductory strategy meetings. Capital Allowances offer an extremely welcome tax break in such a vulnerable sector and have often helped our clients to invest further into and develop their businesses by way of refurbishment and additions to property such as extensions.  At Haines Watts we see Capital Allowances as a value added service. We view it as a highly specialist area and have partnered with Catax Solutions on the basis of their quality of work and affinity partnership with the ICAEW

Chris Lonergan, Haines Watts

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