Several thousands of UK businesses could be set for a
significant tax rebate from the Inland Revenue, according to
capital allowances tax specialists, CA Tax Solutions.

A variety of landlords of warehouse space and factories to
retail space and office blocks have a high probability of receiving
a capital allowances windfall of tens of thousands of pounds.

Recent research from accountancy firm, Deloitte found that nine
in 10 cases of capital allowances reports would uncover a tax
rebate for the owner of a commercial property in the UK.

Capital allowances are a tax relief available to anyone
incurring capital expenditure from buying, building or making
integral adjustments to commercial property.

At the time of writing the average capital allowances rebate for
small UK commercial property owners stands at around £25,000 net,
while the biggest rebate was more than £10m net.

The reason so many smaller businesses will be due a rebate is
because their accountants struggle to understand the intricacies of
capital allowances and how to unlock them to their clients.

Mark Tighe, managing director of CA Tax Solutions, said:
"Capital allowances on commercial premises are one of the more
obscure areas of tax and for this reason they often pass under the
radar of a lot of firms.

"For obvious reasons, the Revenue isn't shouting about it from
the rooftops, either. A big problem is that many accountants are
embarrassed to approach their clients about the issue, as really
this is something they should have alerted them to years back.

"The truth, though, is that accountants can't be expected to
have the skill-set required to identify capital allowances. The
bottom line is that it's a very tough climate for the majority of
UK firms right now and a cheque from the Inland Revenue would be a
real fillip."

Although it is a tough climate for some UK businesses, there are
many other instances where growing start-ups and small firms are
looking to expand. At Pall Mall Estates we have a bulging portfolio
of available industrial units, office space, retail
units, yard space and much more to provide
firms with low-cost high value business space throughout the
UK.

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