If you believe one of your clients may benefit from ReCap, please submit the appropriate details below and we will contact you to discuss your potential case further
The following questions assume that the property is owned by the business, but if the property is owned by the proprietor outside the business and rented to the business, ReCap is still appropriate and the questionnaire should still be completed. If you are unsure how to answer any of the questions, please click on the ? next to the questions for help.
Question
Please Supply
Client Reference
Has the property been purchased through the clients' SIPP or other pension fund?
Has the property been the subject of either Agricultural Business Allowances or Industrial Building Allowances claims?
When did the client business start?
What is the nature of the trade?
How long has the business been a client of the practice?
When was the freehold of the property originally purchased (or acquired) and what is the property?
If appropriate has a S198 election been made?
How much was the property purchased for?
£
Have there been improvements or extensions to the property; if so when?
If so, what is the approximate cost?
£
If the client joined the practice after the property was purchased and/or after major improvements took place, is it likely that details of the property transactions will be available from the previous agent or are they in the client’s possession?
Has there been any previous survey of the premises to evaluate the potential ‘embedded’ Capital Allowances; if so please provide details.
Has the business been in profit over the past two years (or likely to be in the future)?