White Knight Associates is moving to take advantage of another huge Market [PPI claims]

The credit card PPI industry is huge. Which. Carried out a survey that estimated that nearly 10 million people have been sold a PPI policy with a credit card and a staggering 1.3 million took out PPi with their card because they were misled  into believing that the policy was compulsory or that it improved their chances of having a card.

White Knight Associates found that there is some good news.If you have been mis-sold PPI you are entitled to claim back all of the costs of your policy.  You can either fill in our PPI claim form on our website http://www.wk-associates.com/ or simplus call us on 02033847230

What could I claim?

How Much could Credit Card PPI cost you?  WKA found that Unlike PPI on Loans or Mortgages where you pay a set fee per month plus interest, on Credit Cards PPI is charged on the basis of how much you borrow from the Card Lender.  That is how much of your balance is left unpaid each month.  The average charge is 79p per month per £100 borrowed.  The average balance of £5,000 would cost you over £470 a year.  Depending on the figure your lender charges, the amount you borrow and the length of your PPI charges, this can easily total up to £1000's for some.

White Knight Associates says: Credit Card Payment Protection Insurance was originally brought in to protect customers in cases where you lose your job, have an accident or became too ill to work.  If you fall in to one of the following categories you are not protected:

Staggeringly many of those who have a PPI policy don't even know it.

If you fall into any of these categories you can claim back 100% of the cost of your policy from your Credit Card company. Here at White Knight Associates we have dealt with lots of claims for Mis-Sold PPI.

If you've been sold PPI with your credit card by any financial institution such as Abbey, Barclays, Egg, HSBC, RBS in the last 10 years and you feel potentially you may have been mis-sold then if you either fill in our PPI claim form or ring  02033847230,  White Knight Associates can help you and start your claim today.

It doesn't matter the size of your PPI Claim big or small. The Majority of claims we deal within 8 - 12 weeks. Claims still in dispute are sent to the FOS (Financial Ombudsman Service) where we will fight your corner against the company that mis-sold you your Credit Card PPI.

Author Barry Williams

http://www.wk-associates.com/

(White Knight Associates) Foreign Property allowances going to waste.

White Knight Associates realise property owners are looking to reap returns from their UK homes, many are forgetting that they may be owed substantial amounts of cash from their offshore properties.

Those who own furnished holiday lets, both in the UK and within the European Economic Area, could be entitled to claim large sums of money through sizeable capital allowances.

This comes down to the fact that despite the relatively small income that is generated from a furnished holiday let, it is still classified as a commercial property and therefore the owner is still entitled to claim.

Considering the current state of the European property market, this is good news for the majority of furnished holiday letters.

The conditions in Spain, where huge numbers of Brits currently own property, are among the worst and there are currently an estimated 700,000 empty new homes in the country.

The message then to the Brits who have held on to their overseas property through the financial turmoil is to claim back what is rightfully yours, before the opportunity is gone.

By Barry Williams www.wk-associates.com

About White Knight Associates LTD

White Knight associates works with Portal Tax Claims as a specialist capital allowance claims company which is part of the Portal Group that works in collaboration with your existing advisers to identify and create retrospective and current capital allowance claims that lead to significant tax refunds www.wk-associates.com

Claiming Capital Allowances on Globally Help Property by White Knight Associates

White Knight Associates would like to bring to your attention that If you own commercial property ANYWHERE in the WORLD and you are subject to UK Tax, then you are almost certainly eligible to claim substantial tax rebates from HMRC for past years, as well as continuing tax reliefs in the future.

However working with Portal Tax Claims, White Knight Associates have found, the relationship between capital allowances and capital gains is often misunderstood, as is the difference between the accounting and tax treatment of a property. Claiming capital allowances does not adversely affect your capital gains tax

Eligibility

White Knight Associates believe there are an estimated two million properties in the UK that do qualify:

·                                   The property is classified as commercial (e.g. shop, office, factory, warehouse
etc.)

·                                   Is not held in a pension fund, the government, charity or treated as stock.

·                                   The purchase price was at least £200,000 for the UK or £500,000 anywhere else in the World

·                                   The owner is a UK taxpayer – could be an individual, an LLP, a PLC or a Ltd company.

If you satisfy these four simple criteria, it is highly likely you will have a genuine
and significant claim to make. To Find out how to claim please go to http://www.wk-associates.com/ for more information.

Many distinctions are obvious: clearly office furniture is movable and the roof
is immovable. But what about air-conditioning plant, emergency lighting and alarm
systems? These are normally considered by accountants as “improvements” which are
immovable and not therefore eligible for capital allowances. But HMRC will agree
otherwise – provided you approach them in the correct way, with the correct information
presented in the approved manner.

What WK Associates have found is your accountants probably can’t do it for you, but we add value by working with them to make a successful claim.

In fact there is a common misconception that claiming Capital Allowances on integrated
plant and machinery reduces the base cost for CGT. This is not the case – in effect,
the owner gets double relief on the value of the integrated plant and machinery.

http://www.wk-associates.com/  

Business Premises Renovation Allowances by White Knight Associates

White Knight Associates would like to explain that business premises renovation allowances is intended to encourage companies or individuals to bring qualifying business premises, whether freehold or let, back into business use.

Working with Portal Tax Claims, WKA found that business premises renovation allowances provide a 100% initial allowance in the year the expenditure is incurred, or if it is preferred by the taxpayer, 25% per annum on a straight line basis. They are particularly valuable because all expenditure incurred qualifies, unlike commercial.

The Finance Act 2005 introduced a scheme enabling people or companies, who own or lease property that has been vacant for a year or more in designated disadvantaged areas of the UK, to claim full tax relief on their capital spending on the conversion or renovation of the property, in order to bring it back into business use. After protracted negotiations with the EU, implementation eventually took take place on 11 April 2007.

Expenditure must be incurred on the conversion, renovation, or incidental repairs of a ‘qualifying building’ into a ‘qualifying business premises’. WK Associates found the relief is not available for extensions (except to provide access to qualifying business premises), moveable plant and machinery, or property previously used, or to be used for certain trade sectors:

Qualifying Expenditure

It was found that the qualifying expenditure is capital expenditure on

•                             converting a qualifying building into qualifying business premises,
•                        the renovation of a qualifying building that is, or is to be, qualifying business premises, and
•                           repairs to a qualifying building.

We believe the following is not qualifying expenditure. Expenditure on:

•                        acquiring land,
•                     extending a qualifying building, or
•                         developing land next to a qualifying building.

For example, adding another storey to a qualifying building or creating a basement for a qualifying building is not qualifying expenditure.

Qualifying Building

A qualifying building is an unused commercial building or structure or part of an unused commercial building or structure. The building must have been unused for a year immediately before the conversion or renovation began. This means that it must not have been used for anything for a year before conversion begins. The last use must not have been as a dwelling.

Source: PTC

http://www.wk-associates.com/

Gaining Capital Allowances from Your Commercial Properties by White Knight Associates

Have you ever heard of Capital Allowances?

If you are one of those individuals who own a commercial property or one of those improving their properties anywhere in the UK or within the EEA, then you need to sit back and read this. Capital Allowances, otherwise known as Commercial Property Tax Claims (CPTC), are best explained wherein the HMRC lets you offset some of the expenses you made in buying or improving a property against any income that you have. These allowances can be claimed since it is your statutory right to do so.

White Knight Associates specialize in providing the right consultant to help you claim your capital allowances. Through a joint venture with a specialist capital allowance claims company, they collaborate with your existing advisers to help identify and create retrospective and current capital allowance claims which lead to significant tax refunds. An experienced team of accounting and surveying experts work hand in hand to spot Capital Allowances reliefs that were unclaimed in the past. The Capital Allowances reliefs usually were part of the procurement value but were never known during the buying process.

Always bear in mind that as UK taxpayers, Capital Allowances are a right and not a privilege. A NO REPORT – NO FEE policy ensures a fair payment term. If the specialist capital allowance claims company is unable to find more than £25,000 in missed capital allowances, it is FREE of charge. This is inclusive to the report and service. WKA is committed to constantly find exceptional and remarkable solutions that lead to your tax reduction, increase of wealth and accomplishment of your long-term objectives both personally and at a corporate level.

WK Associates also specialize in a diverse range of services to private and corporate clients. Using the distinctive approach of networking, they are able to help you find the finest professionals in all areas of business and investment life. Doing so, they help you save valuable time and money as well as deliver results that you need. You can also avail their services on alternative investments, asset protection, and tax solutions.

Now that you are aware in the existence of CPTC, take time to speak with one of WKA’s agents. WKA is dedicated to help from start to finish. Detailed explanations are transparently given to potential commercial property owners.

You can find out more information and FAQs about WKA at their website. Give them a call back on their designated telephone number or email them. All these can be found in the White Knight Associates website.

Get started now and claim your Capital Allowances!

White Knight Associates on corporate and social responsibility

White Knight Associates believe that we have a responsibility to care for and protect the environment in which we operate. WKA are fully committed to improving environmental performance across all of our business activities, and will encourage our business partners and members of the wider community to join us in this effort.

White Knight Associates recognises our key impacts to be in the areas of:

• energy use

• raw material use

• waste generation

• emissions to air/water

• water use

• transport

• procurement

WK Associates will strive to:

• Adopt the highest environmental standards in all areas of operation, meeting and exceeding all relevant legislative requirements.

• Assess our organisational activities and identify areas where we can minimise impacts.

• Minimise waste through careful and efficient use of all materials and energy.

• Purchase sustainable products wherever feasible [e.g. recycled, FSC or low environmental impact products and energy from renewable sources].

• Train employees in good environmental practice and encourage employee involvement in environmental action.

• Reduce risks from environmental, health or safety hazards for employees and others in the vicinity of our operations.

•  Adopt an environmentally sound transport strategy.

• Aim to include environmental and ethical considerations in investment decisions where appropriate.

• Assist in developing solutions to environmental problems.

• Continually assess the environmental impact of all our operations.

WKA aims to be carbon neutral by the end of this year.

Author White Knight Associates

www.wk-associates.com

White Knight simplifies Commercial Property Tax Claims

White Knight Associates on Capital Allowances

What Are Capital Allowances?

When you spend money buying or improving a property, HMRC allows you to offset some of that expenditure against your profits, or general income for tax purposes.

It’s your statutory right to claim.

By allowing a retrospective or current acquisition claim based on the purchase price. It is not a contentious tax avoidance scheme or loophole but is based on established UK statutory law dating back to 1878.

You are not a “Guinea Pig” as thousands of cases have already been submitted and paid out.

Will I qualify?

To claim capital allowances you (or your company) must satisfy the following criteria:

·     You are a UK taxpayer (Income Tax or Corporation Tax)

·   You own a UK commercial property with a minimum purchase of £200,000

·   OR you own a furnished holiday property either in the UK with a minimum purchase price of £200,000 or within the EEA with a minimum purchase price of £300,000 (collectively)

·   The property is not held fully within a pension fund, charity, government owned or traded as stock

White Knight Associates are an agent for a specialist capital allowance claims company Portal Tax Claims that works in collaboration with your existing advisers to identify and create retrospective and current capital allowance claims that lead to significant tax refunds. By adding value, our accounting and surveying experts identify previously unclaimed Capital Allowances reliefs that were part of the purchase price but were never identified during the buying process.

Typically we find Capital Allowances equivalent to 25% of the property’s purchase price and, if we don’t secure at least £25,000 in unclaimed allowances, you won’t owe anyone a penny.

Best of All……

Capital Allowances can be offset against any income  that they derive from.

If a company owns the asset, you can use the allowances against that company’s taxable profits and then against any other company within the same tax group, if a loss is created. Claims can be retrospective as there is no time limit on how far you can go back, in owning the property and you can even go back two tax years for a tax refund !

What Capital Allowances Can Be Claimed

It is routine for accountants to claim capital allowances for “movable” fixtures and fittings in a shop, for plant and machinery in a factory, or for furniture in a furnished holiday let. They cannot claim such allowances for the “immovable” fabric of the building, however, which is viewed as a non-depreciating asset. The opportunity we are concerned with is the class of assets in the grey area between “movable” and “immovable”. Clearly office furniture is movable and the roof is immovable. But what about air-conditioning plant, emergency lighting and alarm systems? These are normally considered by accountants as “freehold improvements” and not therefore eligible for capital allowances.

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.

For more information on capital allowances for commercial property please visit our website White Knight Associates Source Portal Tax Claims