Presentation by Arthur Kemp – Leveraging Capital Allowances to Generate Tax Free Money

The Serviced Accommodation Property Podcast

In this episode, the extremely experienced capital allowances surveyor explains how they can be used to make most property business models far more profitable. How to set things up so that you can legitimately earn money tax free.

He shares several use cases and covers sideways loss relief, land remediation relief, energy efficient enhancements and ensuring you use the allowance for the right area of your tax return. As well as how to maximise the £1 million per year of allowances that are available.

KEY TAKEAWAYS

• Capital Allowances enable you and JV partners to earn a lot of tax-free money.
• You need an expert. Not having one can be a very costly mistake.
• If you buy a property from someone who could have claimed capital allowances put the right clauses in the contract.
• Whenever you spend money on a property there is the chance to leverage capital allowances.
• You can claim up to £1 million per year.
• 10 years ago, HMRC stated that 96% of property transactions had not fully utilised the available tax relief.
• Capital allowances are an incredibly powerful way to close rent to SA deals.
• Kitchens, bathrooms, electrical systems and many more items are considered as plant and machinery which can be used for capital allowances.
• Capital allowances are great for improving cashflow and enabling you to legally trade tax free for long periods of time.
• In some cases, you can claim 150% tax relief.

BEST MOMENTS

‘You're allowed to claim the full replacement cost of all of that plant and machinery (e.g., kitchens) when you buy a second-hand property’

‘£28,000 of tax can be saved for every £100,000 of expenditure on your property.’

EPISODE RESOURCES

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Call: 0845 467 2765

Website: https://www.exactca.co.uk

VALUABLE RESOURCES

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The Serviced Accommodation Property Podcast - https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2

https://propertysoldier.co.uk/

Serviced Accommodation Success by Kevin Poneskis

Rich Dad, Poor Dad by Robert T Kiyosaki

ABOUT THE HOST

Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.

Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years.

CONTACT METHOD

https://en-gb.facebook.com/propertysoldier/

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