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Use your Freehold to Reduce Your Tax Bill

Posted on December 08, 2015 in Frank Taylor & Associates

don't delayYou may be aware of the ability to claim Capital Allowances against your commercial freehold property – such as the premises your dental practice operates from. If not then full details are here.

If you have purchased a commercial freehold between April 2013 and April 2014 then you could potentially claim back 10% of the freehold price you paid. So, if your freehold was purchased for £400,000 then your claim could be worth £40,000 to offset against your tax bill.

To be able to claim the full allowance in one go you need to make your claim by the end of January 2016. Processing a claim does take several weeks so this does require urgent action.

So find out more call 0330 088 11 56.

There is also a free Capital Allowances report available here.

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