Fee Only payable if Claim is Successful
This could be a worthwhile read for you, we haven’t got any that fit the criterea but have a had a few guys that it did, and it paid out with in a few months…
If you can answer yes to all three of these questions, you are almost certainly sitting on a significant tax allowance or refund:
- Was the purchase cost over £150,000?
- Do you make the property available for holiday let?
- Do you submit a UK Self-Assessment Tax Return?
For a limited time, owners of Overseas Property in European Foreign Holiday Lets can claim capital allowances. Act now to have the taxman pay you for once! This scheme is subject to change on the 5th April 2010, so act now, it may be a £10,000 phone call.
If you own a holiday home either in the United Kingdom or within Central Europe, you are probably sitting on a Capital Allowance claim worth tens of thousands of pounds, especially if you purchased in the last 3 to 5 years (because claims are based on a percentage of the purchase price).
Following the recent change in UK Government legislation, huge tax advantage has been extended to UK owners of Furnished Holiday Let properties in the European Economic Area (EEA) – meaning your villa in Spain, Portugal or Cyprus qualifies for tax relief which could save you tens of thousands in income tax. The Tax Office have never advertised this benefit, and therefore almost 99% of owners have never made a claim!
This benefit is given as either a tax rebate or an income tax reduction on any of the client’s taxable income over the next two years.
99% of our clients tell us their accountants have already claimed all of their allowances – yet we find similar percentages that have additional unclaimed tax relief.
The Capital Allowance claim report can only be produced by Tax specialists with specific HMRC licenses. These licenses are expensive and are generally not held by the general Accountant or practitioner.
You will know if you have claimed your full allowance, an HMRC approved surveyor will have visited your holiday home and noted all of the fittings that were installed, including (air con, heating, lighting, gas etc), when the building was physically constructed, as well as the fittings you’ve installed subsequently. If you have not had a complete survey, then a full capital allowance claim cannot have been applied for. Your accountant may well have claimed for your furniture pack – but that’s a fraction of the allowances you are ENTITLED to.
We need to act fast on this as the rules are subject to change on April 5th 2010
From our experience of working with property investors we recognise that most clients are reticent to pay upfront fees without the certainty that they will gain benefits which exceed their costs.
The good news is that we’ve negotiated a “No-Win, No-Fee” guarantee for furnished holiday let owners.
You have NOTHING to lose by engaging us, and EVERYTHING to gain.
Our service is 100% confidential – we do not report anything to HMRC; your accountant will sign off on our report and will submit this either with your annual tax assessment, or at any time of your chosing (many clients find they are entitled to a rebate and typically this is repaid by the HMRC a couple of months after the claim is submitted).
