Bespoke Capital – reduce tax liability
Capital allowance claim to reduce tax liability – client saving £17k
A client approached us in desperate need to raise funds to meet an imminent tax liability. After reviewing his business, we were able to arrange a significant capital allowance claim on the commercial building he owned, an opportunity that had been missed by his accountant.
After completion of the reporting process, he was able to use this to clear his outstanding tax liability and, in addition, generate a sizeable tax rebate – a client saving £17k