simple, hassle-freehjrtax.co.uk/assets/pdf/hjr tax_ accountants brochure...capital allowances on a...

Partnership Proposition for Accountants

We make claiming capital allowances simple, hassle-free and cost-effective.

UNLOCK THE TAX SAVINGS IN YOUR CLIENTS COMMERCIAL PROPERTY

AN INTRODUCTION TO

If your clients are commercial property owners and pay tax in the UK, then they may be due tax relief in the form of ‘Capital Allowances’. HJR Tax can help you unlock these tax savings”.

HJR Tax are one of a growing number of specialist capital allowances businesses in the UK. We

help our clients maximise claims for tax relief on the purchase, construction and renovation of

commercial properties.

We employ over 30 staff and have offices in South Wales and the Midlands, providing our services

all over the UK and Northern Ireland.

Our technical advisors have previously worked with the Big 4 UK Tax Depreciation teams and have

a wealth of experience in capital allowances and property related tax matters. Being a member of

the Chartered Institute of Taxation and having in-house Quantity Surveyors, we are ideally placed

to provide a complete capital allowances service to our clients.

We submit and agree approximately 40 claims a month with HMRC. Our average client

receives tax savings in excess of £25,000.

We are growing our network of partners all over the UK and would be delighted to work with your

practice to ensure your clients maximise the tax relief available through capital allowances.

MATT JEFFERY BA ATT CTA TAX PARTNER

“01633 386017 | www.hjrtax.co.uk | [email protected]

WHY HJR TAX ARE DIFFERENT?

Historically, due to the costs involved, Capital Allowances (CA’s) tax relief has only been claimed

by leading UK businesses or large-scale property investors.

At HJR Tax, we have established a business model that allows us to make capital allowances

accessible and affordable for all businesses and property investors.

Our aim is to support accountants that have not previously been aware of CA’s or, those who have

looked to claim in the past but their clients were too small to fit the criteria of other firms or the

fees were too prohibitive.

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NO minimum purchase price

NO survey feesWe service markets our competitors don’t

Provide full service – we prepare and submit the claim to HMRC

Affordable and value for money

YOUR FIRM HMRC

We make claiming capital allowances simple and hassle-free for both our clients and their accountants.

WHAT MAKES HJR TAX THE SIMPLE, HASSLE-FREE & COST-EFFECTIVE CHOICE?

Whilst we are aware that you will provide capital allowances advice to your clients, there are

often times where capital expenditure on certain projects or acquisitions requires specialist tax

knowledge or a surveyor to determine the qualifying costs.

Free up valuable time

– let us do all the work for you.

Add an additional high

value service without

the need to employ

your own specialists.

Strengthen existing

client relationships

– clients love to legitimately save tax!

Eliminate the risk of

inaccurate claims or

litigation for missed

claims.

Generate an additional

income stream.

Partnering with HJR Tax to provide expert capital allowances advice has a

wealth of benefits for your firm and its clients:

We can help you unlock the tax relief in your clients’

business properties.

01633 386017 | www.hjrtax.co.uk | [email protected]

£NO Win, NO Fee

We can help you unlock the tax relief in your clients’

business properties.

HOW CAN WE SAVE YOUR CLIENTS TAX?

At HJR Tax, we specialise in claiming capital allowances on commercial property purchases.

This is an extremely complex area of taxation, which requires the skills of both capital

allowances and surveying professionals, like us.

As a result, the tax relief is significantly under-claimed and many business owners, property

investors and their accountants have no idea they can make a claim!

Download our guide to

claiming capital allowances

on commercial property

acquisitions at

www.hjrtax.co.uk

POTENTIAL ALLOWANCES

GLEBE HOUSE, FROME

15% - 35%

10% - 30%

20% - 40%

20% - 45%

25% - 45%

15% - 35%

10% - 30%

10% - 40%

Offices

Industrial Units

Furnished Holiday Lets

Hotels and B&B’s

Care Homes

Doctors / Vets

Retail Units

Pubs and Restaurants

The illustration below provides an indication of the

percentage of a purchase price that would qualify for

capital allowances on a range of business properties:

5

There is NO time limit to make a claim

on historic capital expenditure!

Purchase price £800,000

Capital allowances claim £229,545

Total tax saving £60,000

OUR SERVICES

Renovation projects – We can review historic and current refurbishment projects to

identify missed claims for capital allowances or revenue deductions. Our specialist

knowledge enables us to uplift existing claims by 25%+

Construction projects – We assist our clients to identify the capital allowances available

on the construction of new commercial buildings or the extension of existing buildings.

If detailed cost breakdowns are not available, our in-house surveying team can assess

the value of the qualifying and non-qualifying elements of a project.

Transaction advice - We advise on the sale and purchase of commercial property. With

the changes in Fixtures rules introduced in FA 2012, it is essential to agree the capital

allowances position at the point of sale or your client risks forfeiting the tax relief. HJR

Tax can provide advice during the sale or purchase of a commercial property to ensure

your client maximises the capital allowances available.

Contaminated or Derelict Land Relief - We can assist you in identifying and to make a

claim for this enhanced capital allowance, which also provide cash tax credits, like R&D

Tax relief.

Enhanced Capital Allowances (“ECAs”) - We can assist you in identifying and to make a

claim for this enhanced capital allowance, which also provide cash tax credits, like R&D

Tax relief.

Incorporation of Buy-To-Let property portfolios - We have a wealth of experience of

incorporating BTL residential property portfolios without triggering CGT or Stamp Duty

Land Tax. We can provide a complete service, including the legal conveyancing.

In addition to purchase claims, HJR Tax can also provide advice to your clients on the following:

No matter the size of the claim, we are here to help!


THE PROCESS: WHAT HAPPENS AND WHENThe process usually takes between 4 and 8 weeks from first instruction to receiving the tax repayment from HMRC.

HJR Tax provide a complete capital allowances service to our clients. Unlike many other capital

allowances firms that are predominantly surveyors, our in-house tax team also prepare and submit

the claims to HMRC.

We provide you with copies of all the relevant documents and details of the capital allowances

available in future years. All we require are copies of the relevant tax returns and fixed asset

registers. Our team does the rest.

1 2 4 5 63We provide a detailed proposal, which sets out the likely cash benefit and our fees. If the client is happy to proceed, we carry out our client take on procedures.

One of our surveyors will visit the property to undertake a comprehensive building survey.

Before preparing the claim, we will carry out the due diligence to establish if your client qualifies.

Once the tax returns have been amended our tax team will send a draft claim report to the client and to their accountant for review.

We will submit the claim report to HMRC and provide copies of all relevant documents to the client and their accountant.

Our tax team will prepare the claim report and amend the relevant tax returns.

SCOPING THE CLAIM

PROPOSAL & ENGAGEMENT

THE SURVEY

REVIEW & APPROVAL

SUBMISSION TO HMRC

CLAIM PREPARATION

A SIMPLE & HASSLE-FREE PROCESS

AGREEMENT OF CLAIM

Our in-house team do all the hard work to free up your valuable time.

In the event that HMRC make an enquiry into the claim, our team will be responsible for agreeing and negotiating the claim with HMRC.

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EXPERIENCE YOU CAN COUNT ON, EXPERTISE YOU CAN TRUSTWe have a proven model of delivering in partnership with accountants and other professional advisors to achieve successful outcomes for their clients. We have a wealth of happy customer’s but don’t just take our word for it . . .


Capital allowances £90,170



Capital allowances £67,600


“With hardly any involvement from ourselves, or our

accountant, appointing HJR Tax was one of the most

rewarding decisions we made. Within six weeks we

received a tax repayment and an extremely valuable

allowance that we can use year after year.”

Graham & Edna, OwnersScotland

“I am delighted with the tax savings and really

surprised at how simple the process was. I would

highly recommend HJR Tax and I’m very grateful to my

accountant for putting me in touch with them.”

Sarah, OwnerSouth Wales

HONEYPOT GUEST HOUSE & TEAROOM

UPSA DAISY DAY NURSERY

CASE STUDIES

40AVERAGE OF

CLAIMS SUBMITTED TO HMRC EVERY MONTH

5TRUSTPILOT RATING

OUR CLIENTS RATE US AS ‘EXCELLENT’

£25kAVERAGE OF

TAX RELIEF IDENTIFIED PER CLIENT

£1mRESULTING IN OVER

IN CAPITAL ALLOWANCES IDENTIFIED FOR CLIENTS

BENEFITS OF WORKING WITH USWe pride ourselves on providing a first-class service to our clients and partners. Our claims are accurate and in accordance with the relevant tax legislation. We will always act with integrity and with the level of professionalism that is expected.

Dedicated Account Manager

As we build relationships we learn more about our partners so that we can be both productive and provide a personal touch. You will have one point of contact for all your enquiries.

Referral arrangement

We offer an attractive and flexible referral scheme specifically for accountants and business advisors. If a referral fee basis is not a suitable option for you, we are happy to be flexible and discuss alternative arrangements.

Full compliance with UK tax legislation

We take UK tax legislation very seriously and do not promote any tax avoidance schemes. We carry out a process of due diligence on a property and the tax payer to ensure the claim is compliant with capital allowances legislation.

100% success rate with HMRC

To date, all capital allowances claims our team have submitted to HMRC have seen a successful outcome. Our claim reports are in a format that has been agreed with HMRC and using data that is issued by the Valuations Office Agency (VOA).

No financial risk for your client

HJR Tax offer a RISK FREE service. We do not charge any fixed or upfront fees. Our fees are usually based on a percentage of the capital allowances we identify and your client will only pay them if their claim is successful!

Capital allowances helpline

We provide FREE ad-hoc advice on capital allowances*.

Benefits Features

* Terms and conditions apply.


PARTNERSHIP PROPOSITIONOur team want to develop robust, long-term relationships that provide exceptional service and add real value to your client services.

REFERRAL PARTNERSHIPYou refer your client to us and recommend us to them. We do all the work and pay you a

percentage of any fees earned from your client. Alternatively, we can offer your client a reduced

fee, the decision is yours.

WHY HJR TAX?

We employ a team of tax specialists and

surveying experts so that you don’t have to.

We have a network of accountants we

regularly work with. We will draw on this

experience to understand how to work best

alongside your firm.

Our business model allows us to charge fees

at up to 50% of our competitors, making

capital allowances claims affordable for all.

We are highly professional and very aware

that when you introduce a client to us we

need to reflect the high standards provided

by your firm.

Rest assured, as part of our agreement,

HJR Tax will NOT approach your clients with

any other services or recommend any other

service providers.

““

BDCMA Accountants, Gainsborough “We are a firm of accountants that look after a wide range of clients. As general practitioners, we use HJR Tax to assist in tax matters that require specialist knowledge not usually found within an accountancy practice. We have always found the team at HJR Tax to be top quality and a pleasure to work with.

They get the job done very quickly and have secured tax refunds and future savings worth tens of thousands of pounds for multiple clients now. We’re happy, and our clients are over the moon.”

Sivapalan & Co, Cardiff“We have worked with the team at HJR on a number of occasions. Their knowledge of capital allowances have been very valuable for our clients. Their service and level of professionalism is always excellent.”


INTRODUCER AGREEMENT

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Thank you for agreeing to partner with HJR Tax. We’re looking forward to working together to provide expert capital allowances and property tax advice to your clients. Agreement made with:

(HJ & R Tax Solutions Ltd (Co. Reg. No. 10936551) whose registered address is 22 Chepstow Road, Newport NP19 8EA (“HJR”).

Objective of the Agreement: To ensure both parties understand their responsibilities, the terms of the agreement and remuneration to be paid by HJ & R Tax Solutions Ltd (“HJR”).

Introducer’s Remuneration:20% of all fees earned from clients introduced (ex VAT)*Introducer fees may be passed to your clients as a discount

Our Commitment to you:

HJR will provide the Introducer with full details of all fees earned from any introductions.

HJR will not provide any services to the Introducer’s clients without prior consent.

HJR will not introduce or recommend any other organisations or service providers without the prior consent of the Introducer.

HJR will immediately advise the Introducer should it believe that it has breached any of the terms of this Agreement or that it may not be able to meet the terms of the Agreement going forward.

HJR will inform the Introducer within a reasonable period should it be the subject of a material criminal, tax or regulatory investigation that directly relates to the services provided for under this Agreement and which involves those persons introduced under the scope of this Agreement.

HJR will immediately inform Introducer of any material process, control or rule breach or failure relating to services provided under this Agreement for which the Introducer would reasonably expect notification of.

Your Commitment to us:

The Introducer will immediately advise HJR should it believe that it has breached any of the terms of this Agreement or that it may not be able to meet the terms of the Agreement going forward.

The Introducer will immediately inform HJR should it be the subject of any criminal, tax or regulatory investigation or any other matter, irrespective of whether related to the services provided under this Agreement.

The Introducer must not copy or duplicate any reports or technical advice issued by HJR nor, disclose any reports or advice to a third party without the consent of HJR.

The Introducer will immediately inform HJR of any material process, control or rule breach or failure by the Introducer relating to introducer services provided under this Agreement.

Terms of Agreement

This Agreement shall commence from the date of this Agreement and continues unless it is terminated.

This Agreement may be terminated on one months’ notice given in writing by one party to the other.

Neither party shall disclose information of a confidential nature acquired in accordance with this Agreement except for information which they are entitled or bound to disclose by law or regulation or has been placed in the public domain by others. This clause shall survive the termination of the whole or any part of this Agreement

HJR will pay any amounts due immediately following receipt of payment from the client. If our fee is to be paid in installments, the Introducer will also receive their share in line with the installment

payments.

Visit: www.hjrtax.co.uk

Tel: 01633 386017Email: [email protected]

CONTACT US

SIGNATORIES

For and on behalf of the Introducer

For and on behalf of the Introducer

I

agree to work in partnership with HJ & R Tax Solutions Ltd in accordance with the terms and conditions overleaf.

Signed

Signed

Company Name

HJ & R Tax Solutions Ltd agrees to work with

Company Address

in accordance with the agreed terms.

Email

Position

Name

(PRINT NAME)

(PRINT NAME OF INTRODUCER)

Date

Position

Date

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