AC contractors should inform customers of tax breaks

Air conditioning contractors are being advised to inform their customers that both current and previous installations can be claimed against tax, using capital allowance.

Portal Tax Claims reckons it has reclaimed over £60m worth of mis-sold endowments and payment protection insurance for over 20,000 customers, has launched following a successful trial period, in which it has reclaimed, on average, £105,000 for each business in outstanding capital allowance for items ranging from fire alarm systems, to heating, to air conditioning.

Following its pilot, Portal Tax Claims estimates that 96 per cent of businesses that own their own properties, or commercial property owners, could be owed a refund.

Data compiled by the company has also revealed the top ten items on which tax has been claimed back, with air conditioning and heating making it into the top three.

1. Air Conditioning
2. Lifts
3. Heating
4. Lighting
5. Car park security
6. Power

Shaun Murphy, CEO, Portal Tax Claims, says: ““In the current climate owners of commercial property need to save every penny that they can and, at the moment, most are unaware that such valuable capital allowances are waiting to be claimed.”

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