1. We are Specialists in Reclaiming yourCapitalAllowances

2. Who are Portal Tax Claims? PartofthePortalGroupwhosemaindirectorshavebeen workingtogethercontinuouslysince1990. ThePortalGroupHQislocatedinRochester,Kent, operatingfroma7,000sq.ft.freehold,purpose-built officewithover100PAYEemployees.

3. What Capital Allowances are not! Not Capital Gains Tax Not the same as your ‘Capital Account’ Are not effected by the ‘Charging balance’ when it’s time to sell [CA’s are not added back into the CGT calculation]

4. WhatexactlyisaCapitalAllowanceclaim?

5. CapitalAllowancesareretrospectiveclaimsbased ontheoriginalpurchaseprice.Itisnotacontentious taxavoidanceschemeorloopholebutisbasedon establishedUKstatutorylawdatingbackto1878.

6. HMRCstatesthat: Itisyourstatutoryrighttoclaim-since1878 Everybuildinghasclaimableallowancesinherent withinthepurchaseprice Highlyvaluableformofnon-conflictingrelief, anestimated96%ofpropertyownersarepayingtoo muchtaxbynotclaiming.

7. You arenota“guineapig”as thousandsofcaseshavealready beensubmittedandpaidout.

8. Anestimated96%ofallUKcommercialproperty andfurnishedholidayletshaveNOTclaimed... ...There could be a cheque waiting for you!

9. CapitalAllowancesare overlooked?

10. BUTWHY?

11. Thisdoesn’thavetobeyou... THEREISCOMPLEXLEGISLATIONINVOLVED AlltaxadvisorscomeacrossCapitalAllowances,however: Thelegislationiscounter-intuitive……………. AND …………..Opportunitiesaremissedfartoooften

12. HMRCmakesclaimingdifficult because Shroudedincomplexlegislation Specialisttaxareanotcoveredbyaccountants Requiresmanyspecificskillsetstoidentify&claim Onceagain,only4%ofallUKcommercial buildingshavehadtheirentitlementclaimed

13. WHATSPECIFICALLYCANYOUCLAIMON? UKcommercialProperty FurnishedHolidayLettings

14. ...youneedtoknowaboutFirstandSecondFix V FIRSTandSECONDFIXarewhatprecedesthecompletedproperty Youclaimon‘Plant&Machinery’fromtheSECONDFIXwhenyouclaim TherearesignificantdifferencesinFIRST&SECONDFIX

15. WhatisFIRSTFIX? Youcannotclaimonthese...

16. WhatisFIRSTFIX?FIRSTFIXcomprisesalltheworkrequiredtotakeabuildingfromthefoundationstotheapplicationofplasterontheinternalwalls. FIRSTFIXincludes: Walls Floors Ceilings Insertingcablesforelectricalsupply Insertingpipesforwatersupply

17. WhatisSECONDFIX? ...butyouCANclaimonthese.

18. WhatisSECONDFIX?SECONDFIXcomprisesalltheworkafterplasteringtothefinishedbuilding SECONDFIXincludes: Connectingelectricalfixturestocables Connectingsinksandbathstopipes Fittingdoorsintodoorframes Lighting Installingcookersandwashers Flooring Crownmoulding

19. Where are the allowances hidden? We find CA’s in two places: Inherent: in the very fabric of the building Current: in your Accounts – we scrutinise the ‘Capital’ and ‘Revenue’ accounts

20. WhatcanYOUclaimon? THEPOSSIBILITIESAREENDLESS!

21. Examples: Commercial Property Offices,Hotels,MedicalCentres,Carehomes,PublicHouses, Retailoutlets,ShoppingCentres,Cafés,Restaurants, Servicestations,Estateagents,Banks,Dentists,Factories, Blocksofflatsetc. Basically,Commercialpropertyisrealestatewhichisintended foruseby‘forprofitbusinesses’.

22. ResidentialFlats,heldwithinacompany

23. FreeholdPub

24. HighStreetShop

25. NursingHome

26. OfficeBuilding

27. Hotel

28. FHL Holidayaccommodation(furnished)eitherintheUK,orintheEEA. Canbeavilla,flat,singularormultiplebedrooms.Anytypeof property. Ithastobeavailabletorentforaminimumof140daysperyear. Ithastobeactuallyrentedout,foraminimumof70daysperyear. Lossescanbesetagainstanyincome,aswellasCAs. *** HMRC Changes in April 2011

29. HolidayApartment

30. Holiday Villa

32. AREYOUELIGIBLEFORARECLAIM? Tobeeligible,thefollowingcriteriaMUSTbemet: UKcommercialtaxpayer OwnUKcommercialpropertyorafurnishedholidaylet(FHL) Purchaseprice:£200k+ [300k+ EEA area] Cannotbeownedbyapension,charity,developer or Government YouMUSThavepaidUKtaxthepasttwoyears oraregoingtopaytaxinthefuture

33. OURCURRENTOFFERINGS •UKCommercialProperty>£200K •FurnishedHolidayLets(FHL)withintheUK>£200K •FurnishedHolidayLets(FHL)withintheEEA>£300K(collectively) •Multi-Let&HMOPortfolios>£1,000,000

34. IFYOUMEETTHISCRITERIA... THETAXMANPROBABLYOWESYOU THOUSANDSOF£££££££££££ Thetaxmanwilltakeyourmoney. Don’tletthisbeyou!

35. YOUCANNOTLOSEIfwefailtofindyouatleast£25,000ofunclaimedCapitalAllowances, youwilloweusnothing CapitalAllowancesareintendedto encourageyoutoinvestbutbecause theyaremisunderstood,theyarenot beingclaimed Claimscanberetrospective Thereisnotimelimitonhowfarback youcango DoingthisdoesnotaffectyourCapital GainsTaxpositionifyousellyourproperty

36. The process Only one claim per building in it’s lifetime We have to contact ALL owners back to 1996 If we validate that no previous claim has been made We arrange a FREE survey by an Independent RICS surveyor Accountants prepare the report using HMRC matrices

37. The process….. We submit the report to your Accountant Your Accountant, promptly, submits the report on-line to HMRC If requesting a Tax refund – HMRC pay in 21 days TIMESCALE: 8 Weeks from instructions

38. Weareexperts WeuseanIndependentSurveyorwhoworkswithcomplex tablesandinternalHMRC-approvedmatricestocompilea detailed,accurate,compliant,non-confrontationaland robustreportinaformatapprovedbyHMRC. Theresultisthatourreportshavea100%sign-offrate withtheclient’saccountantsandHMRC.

39. ITBEARSREPEATING.... YOUCANNOTPOSSIBLYLOSE Ifwefailtofindyouatleast£25,000ofunclaimedallowances -YouwilloweusNOTHING!

40. How do you get your money?

42. CA claim worked through until balance falls below £1000