Calculating your capital tax gains on your property can be a complex job, especially when selling a property that has been in your ownership for many years. We aim to ensure that your self-assessment for capital gains tax is a simple process with our tax valuation service, placing an historic value on your property.
Please call 020 7100 7087 / 020 3355 2055 and speak to our Capital Gains Tax Valuer.
Practitioners are well aware that Capital Allowances (CAs) are due on Fixtures & Fittings and Plant & Machinery and most will be confident that they have made the appropriate claims in the tax computations for each business that they represent. However, what happens when a client purchases a building or carries out improvements on the property or builds an extension? There may be no further thought about CAs because we all know that no allowance can be claimed in respect of the fabric of the building. But is this true? Should we not be asking what work has been undertaken?