Tax expert aims to help property owners handle upcoming changes in Capital Allowance laws

March 8, 2012 - PRLog -- With changes in Capital Allowance laws coming into place on 6th of April 2012, there will soon be new limits placed on what property owners are able to claim back from their buildings and a new set of complications to deal with when it comes to selling their property. But tax expert Howard Givney feels that despite the large number of recent changes to the law and the confusion that often surrounds Capital Allowances, there are still plenty of opportunities to save money and has written a special booklet to prove it.

As Howard explains:

“Capital Allowance is quite possibly the most misunderstood of all taxes in the UK. Many property owners are literally sitting on thousands of pounds that they could claim back perfectly legally, yet never do. Part of the problem is that the actual things you can claim money back for are often rather unexpected and difficult to spot without an expert’s input. Coupled with the way the laws regarding these claims have changed multiple times over the years, it’s not hard to see why people are reluctant to explore them further.

“It’s that sort of confusion that led me to write my new booklet, “Why your property could be hiding thousands of pounds that you can claim back”. My goal was to make the subject of Capital Allowances accessible to any property owner, so they can cut through all the jargon that often accompanies this subject and claim back the money they may never have even realised was hidden in their property. With the upcoming changes in the law, it’s becoming more vital than ever that property owners, including those who’re selling their properties, take advantage of these savings while they still can.

“That’s why I’ve decided to make the booklet available for free to anyone who owns a property or is considering selling one. Once they’ve read it they’ll understand everything they need to make any claims they’re entitled to before the laws change in April and make the most of the current system. I’m hoping it does a lot to dispel a lot of the misunderstandings about Capital Allowances in the future.”

Howard’s booklet is available as both a PDF and a printed copy at tax-ideasbooklet.com.