Here's how to reclaim money that is rightfully yours as a result of these changes
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If you pay income tax on income from any source, whether on a PAYE or self-assessment basis, and want to reclaim some or all of the tax you paid in 2009/2010 and 2010/2011, as well as reduce the tax you pay this year then we can help. Hedge Tax Mitigation was launched to help property owners like you claim their rightful entitlement to tax allowances, by identifying capital allowances on their buy to let investment property, both in the UK and in the EEC
What are Capital Allowances?
Capital Allowances are effectively the tax equivalent of
depreciation - in certain buildings there will be items which you
can claim tax relief on,
e.g. sanitary ware and floor coverings This is not a tax loop hole
and it is your statutory right to claim Capital Allowances.
Capital Allowances can be offset against income from any source,
not just rental income.
Why haven't you heard about this before? HM Revenue and Customs have allowed Capital Allowances on
property since 1878 but the change to legislation was recently revised in December 2008.
Unsurprisingly, the Inland Revenue has not spent money
promoting these allowances to ensure you make your claim. In
addition, this is a very specialized field, spanning accountancy
and surveying. As there are penalties from the Inland Revenue
if the work is done incorrectly, the majority of accountants won't
undertake it, and most don't even know it is possible.
We recognize you may have used the same accountant for many
years and we do not seek to replace him, but to add value to what
he does. We will send our reports to him, once we have done the
surveys on your property, so that he can make the claims on your
behalf. If you don't have an accountant however, then we will be
pleased to recommend one to you from our panel
How much can you claim? We can help you claim 10 to 25% of the purchase price
as a tax allowance on any properties in your portfolio,
with the exception of one bedroomed flats.
As an example that means on a £200,000 property you would
have an allowance, or tax free income, of circa £40,000, which can
be claimed against income tax you have already paid or against
income tax due in future years, depending on when you bought
your property, and how much tax you have paid.
What our Clients are saying
"Awesome"
Mike H
"We were very sceptical of the real tax advantages of working with Hedge as we run a very tight financial ship and our accountant is one of the best around - and the amounts that were being quoted seemed far too good to be true. Having now had a Report made and having our accountant make the Return to the Inland Revenue, I take all of that scepticism back. To say the savings were astonishing would be an understatement. We shall work with you on all future properties."
Rob J
"I am absolutely amazed at the amount of Capital Allowances you have allowed me to claim from just one of my properties in Islington. You have helped me offset over £50,000 of my previous years' taxes. Your knowledge and expertise surrounding Capital Allowances is quite remarkable. I would strongly urge any landlord or property owner to arrange for a free consultation with you as soon as they can."
Gavin C
"As private wealth-management advisers providing solutions to many of our high net-worth clients on specific tax strategies, we were quite intrigued to find a niche that we were not aware of. After completing due diligence by our R&D department, we will be delighted to introduce your services to our clients."
Stephen S
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