COUNTING KING

Counting King is a nationwide tax and funding practice that assists businesses with their cash flow through the acquisition of grants, the use of government tax incentives, and other forms of financing, such as business loans.

Our efforts are directed towards forward-thinking businesses with global aspirations that are looking to expand and create disruption in their respective industries. We think we can assist the UK to compete and perhaps outperform our European or global rivals if we can locate items that invest in your business. A quick discussion with one of our advisors might get you thousands of dollars in finance if you and your business are in need of a financial infusion.

WHAT ARE EMBEDDED CAPITAL ALLOWANCES?

When purchasing a home or business, the buyer may be eligible for tax deductions for assets that were already present at the time of acquisition. These are known as “embedded capital allowances.” The value of these items is considered to be “embedded” in the property or company, and as such is already accounted for in the asking price.

The buyer is eligible for a tax deduction equal to a portion of the asset’s fair market value. Buyers of commercial properties or enterprises may greatly profit from this, as the underlying assets’ worth might be large.

Heating and cooling systems, lighting fixtures, and machinery are all examples of assets that could be eligible for embedded capital allowances. Claiming embedded capital allowances requires a thorough assessment, which may include the assistance of a trained specialist to evaluate the property or business in question.