Tax Refunds for Property Investors – HMO’s, Multi-lets & Serviced Accommodation

If you pay income or Corporation TAX, AND you own a multi-let or HMO property, Then, would you like your TAX Refunded?

The HMO doesn’t have to be Licensed. We work with your accountant for a seamless process or help you claim yourself.

We were the first people in the UK to claim Capital Allowances on HMO’s, back in 2008 and have been doing so ever since.

**NEW CASE LAW PROVES THAT YOU CAN CLAIM c.15% of the INVESTMENT IN YOUR HMO**

“This new case law confirms that you can claim for all of the qualifying items in the ‘Common’ Areas, as well as numerous other items in the whole property. It relates to Fixtures & Fittings inherent in the fabric of your building. HMOTax can help HMO owners claim this valuable tax relief.” – Arthur Kemp, Director

Capital Allowances – what are they?

Plant & Machinery Allowances, relate to the tax relief associated with certain qualifying items, or assets within the ‘non-dwelling areas’ of HMO, multi occupancy properties and student lets/ halls of residence.

Every time you invest in your HMO, you can deduct a proportion of your capital outlay (purchase cost) associated with these ‘common’ or non-dwelling areas P&M assets from your taxable income, therefore reducing your tax bill.

Once we have identified, valued and documented these qualifying items from our site survey, you can reclaim previously paid Income tax, reduce your current year income tax liability, or roll forward the allowances until such time when they are required.

Unlike normal rental losses which can only be rolled forward until such time that the property makes a profit, Capital Allowances claimed on the property, are ‘set-off’ against any income stream!

HMOTAX, the HMO & Multi-let Capital Allowances claims professionals. HMOTAX is a brand name of Exact Capital Allowances Ltd. Our service is highly specialised and involves claiming tax  refunds for you.

We are specialists in Capital Allowances claims, and use our Accountancy, Quantity Surveying and tax law skills to maximise your tax relief, and you can benefit from:

  • No claim, no fee
  • No separate surveying  costs
  • Can be used against ANY income stream – Called Sideways Loss Relief (SLR)
  • Doesn’t affect your CGT position
  • Full Professional Indemnity cover
  • Legislated under CAA2001 (Part 2)

If you own a House in Multiple Occupation (Multi-let / HMO’s / Student lets), it is very likely that you are entitled to unclaimed Capital allowances for the common (non-‘dwelling’/ Non-Communal) parts of your investment property and many of the associated fixed assets.

Capital Allowances were introduced in 1878, yet they are almost never claimed, or often claimed incorrectly. In fact HMRC have said that over 90% of eligible properties have not claimed the tax that is due.

Anyone who has an investment property is entitled to claim these allowances.

  • Key Worker accommodation
  • Dentists / Doctors shared properties
  • Student Lets
  • Multi-Lets / HMO / Multiple Occupancy
  • Professional Lets
  • Serviced Accommodation / Air BnB
  • Holiday Lets (UK & EU)

CALL NOW TO START SAVING!