Matt Jeffery
Understanding the complex rules around capital allowances can save client’s significant amounts of tax. However, despite significant changes to the legislation that places more emphasis on solicitors to ensure clients are aware of their eligibility to claim, many lawyers are still overlooking the importance of dealing with them at the time of sale.
Solicitors can listen to an on-demand webinar from tax specialists Zeal, that simply explains the basic concept of capital allowances and how they impact on commercial property sales.
Speaker Matt Jeffery, Managing Director and Tax lead at Zeal said “Gaining a full understanding of capital allowances legislation and how it applies to property transactions requires years of experience and specialist tax knowledge, which no solicitor is expected to have. However, solicitors can help clients by making them aware of their eligibility to claim and putting them in touch with experts like Zeal.”
Matt continues “Our webinar is designed to give a basic knowledge of this specialist tax relief and provide solicitors with the ability to point their clients in the right direction to seek expert help. It’s no longer acceptable to simply include a clause in the sale agreement contract. Brining in specialist help at the time of transaction ensures that your clients, whether that be the seller or purchaser, will be able to access the tax relief available to them within the appropriate time constraints.”
The webinar is available to watch until the 24th of November, on Tuesday, Wednesday and Thursday. Sessions are available at 11am 2pm and 6pm.