THE CLOCK IS TICKING . . .
Claim your capital
allowances before
it's too late!
When the FHL tax regime is abolished from April 2025, one of the major changes will see the removal of capital allowances tax relief for short-term let owners. Whilst you may have heard of capital allowances already, you may not realise that there’s an extra level of capital allowances that can be claimed on part of the costs you incurred to purchase, build, convert or refurbish your property.
Due to the need for quantity surveying skills and specialist capital allowances knowledge, it is not a tax relief an accountant can typically claim for you. That’s where Zeal come in.
Even though an accountant can claim capital allowances, it is usually restricted to items like furniture and equipment that you purchase.
As a result, it is estimated that 80% of owners have unclaimed capital allowances on their initial captial investment in their property. Even if you incurred the expenditure years ago, you could still be able to make a claim now, but time is of the essence!
If you have not yet claimed, you could be sitting on thousands of pounds of unclaimed tax relief which Zeal can unlock for you.
Key information:
This is not a service an accountant provides.
It’s not too late to claim on historical expenditure.
Tax allowances identified before the deadline can continue to be claimed after the rules change.
Any benefit secured can also be offset against tax due on ANY property income post April 2025.
No impact on future Capital Gains Tax if you were to sell the property.
There could be an average of £15,000 in tax savings available to you.
You could also be due a cash rebate from HMRC for tax you have unknowingly overpaid.
If you don’t claim soon, you will lose the tax relief forever!
It will cost you nothing to find out if you qualify – only a few minutes of your time.
About Zeal
As Chartered Tax Advisors and Capital Allowances Surveyors, Zeal specialise in helping holiday let owners uncover the unclaimed capital allowances in their properties.
Our team will guide you through the process of identifying any missed tax savings and ensure you get the full benefit of what’s available to you. This could mean significant financial advantages for your short-term let business
With unrivalled industry knowledge and expertise in holiday let taxes and capital allowances, Zeal are the go-to tax experts in the holiday let sector, and are the trusted partner of key industry leaders including PASC UK, Sykes Holiday Cottages and The Holiday Cottage Handbook (to name just a few).
To get started, contact Zeal on 01633 492813 or via an email to [email protected]
If you meet the qualifying criteria, a capital allowances claim on these fixtures could unlock substantial tax savings for you. In most cases, we find 20%-30% of the cost incurred as qualifying for tax relief.
On average this amounts to £15,000 in tax savings per property. You could also be entitled to reclaim tax paid in previous years as a cash rebate from HMRC.
Zeal could help you:
+ Reduce or even completely eliminate your next tax bill.
+ Generate a cash repayment for any tax you have unknowingly overpaid.
+ Unlock thousands of pounds in tax savings to mitigate future HMRC payments.
You likely meet the Government criteria to qualify for a tax relief claim if:
> You’re an individual, partnership or company who own a short term let property.
> Your property is available to let for more than 210 days a year, is actually let for more than 105 days per year and is not let for more than 31 consecutive days to the same person.
> You pay in tax in the UK or are expecting to.Â
> The property was purchased, built or refurbished for £50,000+ and is located in the UK or EU.
Watch our short explainer video - it sums everything up perfectly!
Have you read our free eBook?
Get prepared for the upcoming changes! Find all you need to know about changes from April 2025, including mitigation strategies for your business, in Zeal’s free eBook: Tax Changes for Furnished Holiday Let Owners. Chapters cover finance cost restrictions, capital allowances, capital gains tax & more. DOWNLOAD
Get in touch with Zeal
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Reclaim thousands in tax relief from HMRC!
We can help you reduce or even eliminate your next tax bill and unlock thousands in future tax savings. Many of our clients also receive a cash tax rebate from HMRC.
Our in-house specialists do all the work for you!
We lead the way from the first discussion, through the whole process until you
receive your tax savings from HMRC. We need very little of your time, or your accountants, and complete claims in a few weeks.Â
There’s no cost to uncover how much you're entitled to!
We offer a risk-free service with no upfront fees and carry out a building survey to uncover every qualifying fixture, all at no cost to you. You only pay our fee if your claim is successful.Â