Partner with Tallex
At Tallex, we pride ourselves on the value of our partnerships.
Our partnerships form an integral part of our business model, and we are always seeking new strategic relationships whether it be from existing clients, accountants, solicitors or agents.
Why partner with Tallex?
We offer a director-led service that provides the expertise of the large accounting firms without the red tape. We are a RICS (Royal Institute of Chartered Surveyors) regulated firm ensuring the highest level of quality and service.
With our Capital Allowances Support Service we offer to our partners at Tallex, we aim to be an extension of your practice, essentially becoming akin to an in-house capital allowances team within your business.
Our commitment under our partnership agreements includes providing unlimited ad hoc support as needed.
Here’s what our capital allowances support service includes:
Accessibility
You can reach out to us via email or phone for any capital allowances questions as they arise.
Unlimited Support
We impose no limits on the amount of time we dedicate or the number of queries you raise. Moreover, you will not be charged any fees for this support service.
More Advanced Services
Should you or your clients require written advice for tax filing purposes or need detailed analysis or valuation beyond our standard support, we can discuss and agree bespoke proposals, scope of work, and a fee structure for such advice.
Tailored Assistance
Our team is dedicated to offering practical help and support, customised to your specific queries, circumstances, and needs.
Accountants
At Tallex we aim to offer an unrivalled service to all the accounting firms we are partnered with, which currently includes several within the top 100. These firms benefit from our partnership by enhancing the value they deliver to their clients, improving their service offerings and growing their business. We offer the following to our accounting firm partners:
Expert Knowledge
Capital allowances are complex. Our team specialises in this area of tax, and through our Capital Allowances Support Service, your staff can ask any queries they like. We can also ensure that your clients’ allowances claim opportunities are identified and we can maximise tax savings that are often missed.
Expanded Services
Accountants can offer a broader range of services without needing to develop in-house expertise in capital allowances.
Risk Reduction
We will ensure that our capital allowances claims are accurate and compliant, reducing the risk of penalties or errors.
Revenue Opportunities
Partnerships can lead to new revenue streams through referral fees or profit-sharing.
Competitive Edge
Offering capital allowances services sets accountants apart from competitors and can attract more clients.
Time Savings
By outsourcing this specialised work, accountants can save time and focus on other important areas of their practice that they are well placed to deliver.
Solicitors
When clients are transacting commercial property, it is imperative that the required documentation is completed properly. Typically, there are two documents that arise during this process: CPSE 1 (Commercial Property Standards Enquiries) and Section 198 elections. These can lead to hundreds of thousands of pounds of tax relief to clients. At Tallex we can offer:
1. Handling of CPSE 1 Responses
Detailed Enquiries
CPSE 1 includes detailed questions about capital allowances on commercial properties. These enquiries require accurate and comprehensive responses to ensure that all relevant capital allowances are correctly identified and disclosed. Tallex specialises in this area and can assist solicitors in providing precise information and reducing the risk of overlooking valuable tax reliefs.
Compliance and Risk Mitigation
Incorrect or incomplete responses to CPSE 1 can lead to disputes or financial losses for clients. Partnering with Tallex ensures that all potential allowances are properly considered and disclosed, helping to mitigate risks and avoid future complications.
2. Optimising Section 198 Elections
Maximising Tax Relief
A section 198 election is an agreement between the buyer and seller of a commercial property to fix the value of qualifying fixtures for capital allowances purposes. This election is crucial for ensuring that the buyer can claim the maximum allowable capital allowances. Tallex have the expertise to accurately value these fixtures and ensure that the election is structured to the client's benefit.
Ensuring Proper Documentation
Drafting and agreeing on a section 198 election involves technical knowledge and precise documentation. Tallex can assist in preparing these documents, ensuring that they meet all legal and tax requirements. This reduces the risk of the election being challenged by HMRC and ensures that both parties understand the implications.
Commercial Agents
There are many benefits of commercial agents partnering with Tallex, this includes:
Enhanced Client Value Proposition
By partnering with Tallex, commercial real estate agents can offer clients valuable insights into the potential tax savings available through capital allowances. This added financial perspective can make properties more attractive to buyers, particularly those looking to maximise their investment returns.
Increased Property Appeal
Capital allowances can significantly enhance the financial appeal of a commercial property. By highlighting these potential tax benefits, real estate agents can make properties more attractive to buyers, potentially speeding up the sales process and achieving higher sale prices.
Improved Client Relationship
Offering access to specialised services like capital allowances advice demonstrates a commitment to the client’s long-term financial success. This can build trust and lead to stronger, more lasting client relationships.
Competitive Advantage
Not all commercial real estate agents offer insight into capital allowances. Those who do can differentiate themselves from competitors by offering a value-added service that directly impacts the client’s bottom line.
Increased Deal Closure Rates
- The potential tax savings identified by Tallex can be a deciding factor for buyers on the fence about a purchase. By presenting these savings as part of the overall value proposition, agents can help close deals more effectively.
- If a buyer is concerned about the purchase price, showing how capital allowances can reduce their effective cost can help mitigate these concerns and facilitate negotiations.
New Revenue Streams
Partnering with Talle can create new revenue opportunities through referral fees or profit-sharing arrangements. This additional income stream can complement the agent’s primary earnings from property transactions.
Better Negotiation Tools
Capital allowances can be used as a tool in negotiations, providing a way to justify pricing or to add value to a deal. Agents with access to capital allowances expertise can use this information to strengthen their position during negotiations, benefiting both the buyer and seller.