Here at Bonallack and Bishop we are pleased to announce that we have organised an essential event for all commercial property owners and investors – an essential update the current treatment of capital allowances.
The meeting will be held on Tuesday MAY 23 at 1 PM in the conference room of our Salisbury office. We will be providing sandwiches and refreshments. Car parking is available.
This meeting has been arranged for our own property team – but in addition to inviting just a handful of the leading local commercial agents, we do have half a dozen spare spaces.
Why is this update important?
Capital Allowances and their treatment for commercial property owners have never been more important.
After 4 years of consultations, a change to legislation relating to treatment of capital allowances within commercial property transactions is shaking up both the finance and legal sector.
In particular, it’s becoming clear that a significant number of commercial property owners are not being given the right advice on this important issue – which can prove very expensive.
Shaun Marsden, Client Director at CATAX for the past 9 years, has been responsible for securing instructions on more than £1.6bn of commercial assets to date and will be delivering a quick & comprehensive insight into the murky world of capital allowances – with the objective providing an enhanced understanding of this subject and an understanding of the many opportunities that his message will undoubtedly unlock
It’s a short meeting – a whirlwind 45 minute tour of the basic principles of capital allowances and their key benefits to all related matters and parties – followed by a Q&A session.
Who are Catax?
Catax Solutions have been endorsed by the Law Society in relation to capital allowance advice – the only partner relationship the Law Society have in this specialist field.
My experience of capital allowances – I almost lost over £18 K
Some years ago, I asked our accountants at the time about claiming capital allowances on our Andover office, which I’m about to start the build work on a conversion to 6 residential flats.
I was told clearly, in writing, by them that I should not bother because there was not enough of a tax saving to warrant a claim.
Our excellent new tax accountant, Steve Bicknell however raised it as an issue just in time. We instructed Catax and after their fees were deducted, I received a tax refund of over £18K. My right to make that claim had almost been lost. And Eastgate House is a relatively small building – just 3800 square feet.
Booking your place
If you’d like to join us – please email my marketing manager at alana.bury@bishopslaw.com ASAP. First come, first served.
