MANILA - The country's inflation rate already bottomed out in August and will accelerate in the succeeding months, according to the Bangko Sentral ng Pilipinas (BSP).

So, what are capital allowances and why is such an important opportunity being overlooked?

Capital allowances focus on a highly specialist area of the tax system and so it is no reflection on the professionalism or diligence of accountants that some allowances are not being claimed

Lancashire businesses are missing out on more than ?1.2 billion of tax breaks, according to an expert.

Portal Tax Claim says commercial property owners could be owed billions in capital allowances without realising it.

Her Majesty's Customs and Revenue owes billions of pounds to commercial property owners in unclaimed capital allowances, so what can lenders do to assist their
borrowers claim back what is often tens of thousands of pounds per property? At the moment our average claim is over ?100,000

The new company is part of the Portal Group, which, since 2003, has reclaimed over ?60m worth of mis-sold endowments and payment protection insurance for over 20,000 customers

As property owners look to reap returns from their UK homes, many are forgetting that they may be owed substantial amounts of cash from their offshore properties.

Even when businesses or individuals hear about our service, there is a common misconception that, because the expenditure occurred in the past, they have missed the boat. Not so! Indeed there is no time restriction on when you can claim these allowances.

By adding value , our accounting and surveying experts identify previously unclaimed Capital Allowances reliefs that were part off the purchase price but were never identified during the buying process.

Contained within The Portal Group are businesses and relevant expertise in Pensions, Funds, Investments, Loans, Mortgages, Tax Claims and many related areas. Many of our businesses are the clear market leaders in their specialist fields.

Whoever you are, if you are shrewd enough to see the potential in this market, we would like to talk to you. The sooner you get in touch, the sooner you can be earning commission

The possibility of a s198 tax election for ?1 will be withdrawn and transfers will be made at tax written down value, reducing the ability to limit clawback of capital allowances claimed;

Until 1878 there were no capital allowances though there were deductions for
expenditure incurred in renewing or replacing existing machinery or plant.

The asset should be used in the business. If an asset is used partly for business and party for private purposes, you have to reduce the claim for the extent of private use. You cannot also claim capital allowances on the assets if you are a trader of those assets.

If you have not claimed capital allowances, but could have claimed it under relevant rules, you could explore the possibility of passing on the claims to the buyer and negotiating a higher price.

Portal Tax Claims are professional experts in the field of Capital Allowances and are widely recognised as one of the industry leaders.

Fixtures are Plant and Machinery that have been permanently fixed to a building or land and enhances the value of the building or land. Plant and Machinery Allowances (PMA) can be claimed on the fixtures, and such claims can be of substantial amounts

  Many take care of their cars with great car and love. They are very engrossed in keeping their vehicles shiny and scratch free, and they can't help but have their eyes on those completely custo

Women have been so fond in retail shopping these days. Women made shopping a remarkable diversion from their various stresses in their life. This is sometimes the only comfort for women when she is s