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Working with Solicitors

Here a few quotes from leading legal journals about the legal profession and Property Capital Allowances

Today's Conveyancer

“Legal profession in denial of Capital Allowances. There is a worrying level of confusion among solicitors in their approach towards Capital Allowances, which could leave them open to risks ranging from loss of income to client complaints and litigation.”


“There will be wave upon wave of litigation as disappointed tax payers seek retribution from their advisors (solicitors, accountants or surveyors) whom they hold responsible for their loss of Capital Allowance tax relief on their commercial property purchases.”

The Law Society Gazette

“Commercial property lawyers warned over Capital Allowance changes. They could face further action for negligence if they fail to properly advise clients on the tax relief changes.”

The Law Society

“Many in the profession are not fully up to speed with their new obligations and are exposing themselves to risks and loss of fee income and litigation.”

Legalease Law Journal

“In many cases Capital Allowances will be lost, this means the importance of solicitors inserting sufficient clauses into the sale and purchase agreement to protect their clients’ financial interests is significantly higher. Not doing this effectively could result in a loss and could even amount to a breach of contract.”

The Bailey Group of Chartered Accountants can help by minimising your workload when dealing with this complex area without increasing your staff costs or liabilities.

We offer a FOC, two-hour workshop (at your offices) to cover all aspects of Property Capital Allowances enabling your team to understand the consequences of the 2014 Law on Section 198/197 and its effects on completing a buying or selling transaction.
Over 1000 Accountancy and Legal firms have used our expertise to help their property-owning clients accurately claim Property Capital Allowances as per Section 198/199 CAA2001/FA2012)
If you think we can help it would be good to talk.
With major changes to the Property Capital Allowance Law brought in by the 2014 Finance Act (section 198), there has never been a better time to fully utilise the new Property Capital Allowance rules to benefit your clients.

We have a dedicated office with 60 full-time members of staff assisting our clients and partners with the complexities of commercial tax law and Capital Allowances.

The Bailey Group of Chartered Accountants can help by minimising your workload when dealing with this complex yet lucrative area without increasing your staff costs or liability.

The Claim Process summarised

Initial Fact Find:

We identify the property details and start our enquiries with you to ensure that it qualifies for a claim. If you can ensure that your client responds to our queries quickly then this would greatly speed up the process. Our requests are never demanding, but relate to information only they are likely to hold. We will be looking at the type of property, when it was purchased and your clients’ tax rate.

Property Survey:

We will arrange for a member of our team to survey the clients’ property. Our surveyors have in depth experience in identifying and submitting Property Capital Allowance claims within HMO’s, Student Lets, Holiday Lets and Commercial Properties.

Preparation of the Report:

Once our surveyor has completed their survey report, the level of allowances available in the property will be assessed. A detailed report will be prepared outlining exactly what we feel would be viable for a claim. This will be sent to you and your client for approval before it is signed off.

HMRC Submission:

We will work with you to help prepare your clients’ tax return to ensure the correct information is submitted. This could result in a refund of overpaid tax and/or mitigation of their tax liability.

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