Curtis Plumstone Associates is home to experienced and qualified tax surveyors that can help you claim these allowances — and, ultimately, beef up your bottom line.

(TRAVPR.COM) UNITED KINGDOM - June 29th, 2021 - Many players in the lucrative staycation industry aren’t aware that they’re eligible for capital allowances furnished holiday lets. This is a tax allowance granted by the government to cover capital asset depreciation.

Curtis Plumstone Associates is home to experienced and qualified tax surveyors that can help you claim these allowances — and, ultimately, beef up your bottom line.

Leading Capital Allowance Claims Specialists

When it comes to offering capital allowances commercial claims assistance, Curtis Plumstone Associates’ dedication is unmatched. Their specialists are committed to achieving the best possible results for clients entitled to allowances related to commercial property ownership.

They work for a diverse spectrum of clients — from individual investors to family-run businesses. Their extensive experience includes working with owners of furnished holiday lets.

Capital allowances for holiday rentals can be claimed against a number of fixtures and assets — from household equipment and furniture to utilities, including heating and electricity. However, as various properties haves different tax implications, applying for a claim can be intimidating. This is where Curtis Plumstone Associates’ industry knowledge and experience becomes highly advantageous.

Apart from knowing the latest on tax regulations, they are efficient in handling the situation of each of their clients. Through their seamless service and expert advice, many furnished holiday lets owners have already benefitted from the said tax relief mechanism.

Capital Allowances Qualifications

While capital allowances furnished holiday lets are certainly advantageous, not all rental property owners are entitled. You have to meet certain qualifications first.

First, the property must be in the UK (or anywhere in the European Economic Area, which comprises the European Union states, Norway, Iceland, and Liechtenstein). The accommodation, which is being rented out commercially for tourism purposes, should also be furnished. By furnished, it means that the guest is entitled to the use of furniture. There should also be adequate furniture that can accommodate normal occupation.

The property should also be available for letting to the general public for at least 210 days annually.

You have to take special note of the commerciality or profitability of your property. If you’re only letting it to relatives or friends, it’s not considered commercial even if you’re charging small rental fees. On the other hand, it can be deemed a commercial property if you’re renting it during the off-season where you can earn zero profit.

If you own multiple properties and they all qualify, you can apply for a claim for all of your properties. However, if only a number of them meet the requirements, the tax relief should only cover those.

Get In Touch With Curtis Plumstone Associate Today

If you’re looking for professional help for your capital allowances commercial queries, Curtis Plumstone Associate offers the service you need. Their claims specialists have a broad range of experience helping clients from different commercial sectors, including furnished holiday letting. You can learn more on their website: https://www.curtisplumstone.com. For enquiries, call them on 0239 307 4515 to email them at info@curtisplumstone.com.

###