Casrad

CASRAD LTD operates as a firm of tax specialists in the United Kingdom, focusing on Capital Allowances, Research and Development (R&D) Tax Credits, and Land Remediation Relief. The company's background traces back to 1990, when its founders began in the financial industry as independent financial advisors, working with firms such as Regency Financial Planning and Central Mortgage Exchange in Cheltenham, and later establishing Fairwater Mortgage Services in 2004. Following the financial crash in 2008, the firm sought new ventures due to the uncertain economic climate, leading to their introduction to Capital Allowances. The firm's expertise in Capital Allowances assists businesses in claiming tax relief on assets acquired for commercial purposes.

These allowances enable the value of eligible items to be offset against a company’s profits over time. Casrad clarifies that Capital Allowances are retrospective claims based on the original purchase price of a commercial property, rooted in established UK statutory law dating back to 1878. Since its early days, Casrad has supported clients across the UK, from Cornwall to Northern Ireland, working with a diverse range of properties and businesses including holiday homes, B&Bs, golf courses, stadiums, shops, hospitals, dental and doctor surgeries, holiday parks, hotels, pubs, nightclubs, casinos, amusement parks, nurseries, offices, an eco-farm, and a water tower. Beyond Capital Allowances, Casrad also specializes in Research and Development Tax Credits.

This UK tax incentive is designed to encourage companies to invest in R&D activities, allowing them to reduce their tax bill or claim payable cash credits proportional to their R&D expenditure. Additionally, the firm provides services for Land Remediation Relief, which offers a 100% deduction, plus an extra 50% deduction, for qualifying expenditure incurred by companies in cleaning up land acquired from a third party in a contaminated state. Casrad's operational approach emphasizes client benefit and a streamlined process. The firm maintains a 100% claim rate and aims to maximize client claims through its team of capital allowance surveyors.

In the previous year, the company facilitated over £12 million in tax benefits for its clients. The firm operates with a policy of no upfront fees for reports and no additional survey fees, with all work conducted by its experienced staff. Casrad also offers s198 & s199 Election Services for property sales and purchases and handles any HMRC queries for six years after a report is generated. All reporting formats used by the company have a 100% success rate with HMRC, and all fees incurred are 100% tax deductible.

It is important to note that Casrad's primary focus is on these specialized areas of tax relief for commercial properties and businesses. The firm's services are not solely dedicated to Purpose Built Student Accommodation (PBSA), but rather encompass a broad spectrum of commercial property types and business operations seeking to optimize their tax positions through Capital Allowances, R&D Tax Credits, and Land Remediation Relief. The company's registration number is 11706919.