Commercial First Partnership launches service for brokers

Capital allowances can be claimed by people on property acquisition or else retrospectively for up to six years from the original purchase date.

The new service enables CFP partners to tell their clients about this in order to deliver important cash flow benefits to their clients and earn an additional income for the referral.

Stephen Johnson, sales and marketing director at Commercial First, said partner commission for each successful capital allowance claim would normally average £2,000.

He said: "Commercial property owners are entitled to a very material tax relief on plant and machinery within their premises. It is estimated that 90% of property owners are either unaware of or not maximizing their entitlement. The service can deliver real cash benefit of between 5% or 10% of a property value, and generate a material commission for the referral. It is an ideal product for us as we look to identify new sales opportunities for our partners".