UK commercial property owners are entitled to a form of tax relief called capital allowances. However CA Tax Solutions believes over 96% of UK commercial property owners have not identified or claimed their full entitlement of capital allowance tax savings with many having not claimed at all.
The new partnership between Paradigm and CA Tax Solutions offers clients and advisers a 100% “no claim, no fee” policy; no charge for work if CA Tax Solutions fails to identify £50k of additional allowances, or the client’s accountant does not sign off on its report; and 20% of CA Tax solutions’ fee will be paid to introducing Paradigm member firms.
Bob Hunt, chief executive of Paradigm Mortgage Services, said: “The area of capital allowances for commercial property owners may not be one many advisers are familiar with however there are clearly many tax savings and benefits that are being missed at present. Also, with potential new regulation on the horizon now is the time for advisers to ensure their client is receiving their full entitlement.
“By partnering with a specialist, such as CA Tax Solutions, advisers can be certain that their clients’ interests are being looked after and they could be the source of a significant refund for them. Quarter on quarter, CA Tax Solutions secure significant tax refunds paid direct to clients, therefore there are a number of strong reasons to ascertain their current position.
“We believe we are working with a true specialist in their field and would urge any Paradigm member who may have clients who this is relevant for to visit our website for more details.”
David Oliver, director at CA Tax Solutions, added: “We are delighted to be partnering with the Paradigm Group and see the relationship delivering significant savings and benefits across its client base. Paradigm recognises the importance of keeping its members fully informed with regard to any changes to legislation or the introduction of products and service that will enhance their clients’ financial position.
“With the potential changes to an already complex and under-utilised piece of tax legislation, Paradigm and CA Tax Solutions have come together to ensure all of their members associated with commercial property owners have the facility to establish the capital allowance history of their buildings.”
