They are a valuable saving that is often under-claimed particularly in relation to property and construction projects. The savings relate to both the cash value of the allowances themselves and also to the hidden resource saving resulting from the efficient management of the whole capital allowances process from initial estimates to final resolution with the tax authorities.

Landmark PT aim to compliment existing advisors such as lawyers, accountants and property agents to gather and analyse the appropriate information with the appropriate level of detail to satisfy the requirement of the tax self assessment regimes.

To ensure true financial advantage the following steps should always be completed:

• Establishment of entitlement to claim capital allowances
• Communication of capital allowances management process to all affected
• Valuation of expenditure to most beneficial allowances
• Agreement and negotiation of the value of claim with Inland Revenue and Valuation Office surveyors
• Protection of tax benefits on future sale of development or investment

There are opportunities in almost all commercial business sectors whether purchasing, constructing, refurbishing or selling property. Claims can be made for past as well as current expenditure.

NEW FROM APRIL 2008
Annual Investment Allowance: 100% relief first £50,000
Integral features: 10% per annum on a reducing balance basis

Plant and Machinery Allowances: 25% per annum on a reducing balance basis
Industrial Building Allowances: 4% per annum on a straight line basis
Hotel Allowances: 4% per annum on a striaght line basis
Research & Development Allowances: 100% first year allowance
Enhanced Capital Allowances: 100% first year allowance
Enterprise Zones: 100% first year allowance
Long Life Assets: 6% first year allowance
Repairs and Maintenance: 100% tax relief in year 1
Land Remediation Relief: 150% tax relief for land clean up
Flat Conversion Allowances: 100% first year allowance
Business Premises Renovation Allowances: 100% first year allowance