Paradigm partners with tax advisers

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Paradigm Group has joined forces with CA Tax Solutions, in a move designed to help advisers promote tax efficient savings and benefits to their clients.

CA Tax Solutions specialises in identifying retrospective capital allowance benefit to those commercial property owners with portfolios ranging from £400,000 to £150m.

Property owners can be individuals, LLPs, or limited companies.

UK commercial property owners are entitled to a form of tax relief called Capital Allowances, although CA Tax Solutions claims over 96% of UK commercial property owners have not identified or claimed their full entitlement of capital allowance tax savings with many having not claimed at all.

The HMRC recently published a consultation document, ‘Capital Allowances for Fixtures’ which includes proposals, if passed into law, would mean the removal of retrospective tax rebates for owners on fixtures within buildings.

CA Tax Solutions can work with advisers’ commercial property owner clients to review their capital allowance position and to make sure they do not lose out on a potentially significant tax rebate.

The new deal includes a 100% ‘no claim, no fee’ policy to ensure all parties receive the expected benefits and returns.

If CA Tax Solutions fails to identify £50,000 of additional allowances, or the client’s accountant does not sign off on its report, it will not charge for the work.

20% of CA Tax Solutions’ fee will be paid to introducing Paradigm member firms.

Bob Hunt, chief executive of Paradigm Mortgage Services, said: “The area of capital allowances for commercial property owners may not be one many advisers are familiar with however there are clearly many tax savings and benefits that are being missed at present. Also

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