For Solicitors
Capital allowances are not a side matter bolted onto a property deal. They live inside the transaction you are already running. When a commercial building is bought or sold, the fixtures inside it carry a tax relief, and the way the sale is documented affects whether that relief survives. The section 198 election and the CPSE replies both cross your desk.
We are the specialist you bring in for that one part. We are not solicitors and we are not accountants, and we do not give legal or tax advice. We identify and value the qualifying fixtures and deliver a fully sourced report. An independent, qualified accountant reviews it and decides on any claim. You keep running the conveyancing, and the capital allowances point inside it gets looked at by people who do this work every day.
The tax point inside the transaction, handled
Here is where we fit into a deal you are already handling. Nothing that treads on your ground, and nothing left to chance on ours.
- We review the capital allowances position on a live purchase or sale, so the information behind the CPSE.1 replies on plant and machinery is there to draw on, rather than the box going back blank or marked "refer to accountant".
- We identify and value the qualifying fixtures and evidence every figure, so the number behind a section 198 election is a properly worked one rather than a guess. The election is yours to draw up and the accountant's to weigh.
- We flag the two-year window under the Capital Allowances Act 2001 early, so there is time to deal with the election rather than discover it after completion.
- Every figure in our report carries its source and the working behind it. A third party could rebuild it. It is a sound, sourced input for the accountant, and it reads well on your client's file.
- We are clear about what is desktop analysis and what needs a person at the building. We never dress one up as the other.
A specialist for the tax point, not another thing on your plate
Capital allowances are a tax matter, not a legal one, and nobody expects a conveyancer to be a capital allowances specialist. That is the whole reason to bring us in. Your client gets the fixtures looked at properly by a firm that does this every day, the section 198 position is understood before completion rather than after, and an independent accountant reviews and decides on any claim.
You are not taking on the tax work, and you are not relying on us to make a tax decision, because we do not make one. We provide the sourced report and the accountant carries the claim. A capital allowances point that has been looked at by a specialist is a better answer for your client than a CPSE box that went back blank.
We make you look good, and we stay in our lane
Refer a client to us and you are handing them to a firm that will treat them the way you would want. Six years doing this, a review score around 4.7 earned the honest way, and a flat rule that we show our working rather than ask anyone to trust a number.
- Your client gets the specialist attention the tax point deserves, without you having to become the expert.
- You get a clear, sourced report and a record that the capital allowances point was looked at by a specialist, ready for the file.
- We refer good work back the other way. Solicitors who look after clients well are the ones we want to know.
Have a live transaction?
If you are mid-deal and the capital allowances have not been dealt with, talk to us before completion. A short, no-pressure conversation, and no cost to ask.