Artwork
iconShare
 
Manage episode 521628642 series 2846596
Content provided by Dr. James Martin. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dr. James Martin or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Collect unlimited free verifiable CPD for UK Dentists here >>> https://www.dentistswhoinvest.com/videos/saving-5-figures-on-tax-for-your-dental-practice-with-chris-lonergan

———————————————————————
Want your next surgery upgrade to pay you back? We dive deep into capital allowances for dental practices and show how renovations, fit-outs, and even property purchases can turn into serious tax savings without schemes or risk. With specialist insight from property tax expert Chris Lonergan, we break down the simple idea that changes everything: move as much spend as possible into fast plant and machinery allowances, and keep the slow structures and buildings bucket to a minimum.
We walk through clear, real-world examples: from a £500k Victorian conversion that produced roughly £490k in allowances, to scenarios where higher-rate income taxpayers receive chunky cheques by carrying claims back. You’ll learn what really qualifies in a clinic setting, including electrical systems, plumbing, ventilation, data, alarms, fitted kitchens, reception, and partitions. We also explain why loose clinical kit is just the start, and how the unseen assets inside your walls often hold the biggest value when properly surveyed and categorised.
Buying a building? The seller’s status matters. Conversions from residential, purchases from non-taxpaying entities like the NHS or charities, and acquisitions from developers can preserve large pools of embedded allowances for you. Leaseholders who fund their own fit-outs can also claim, as allowances follow the spender. We cover the pitfalls too: why most accountants can’t value second-hand buildings or parse interim certificates, how to approach grants, and when a specialist report unlocks PMA you didn’t know you had.

———————————————————————
Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.

Send us a text

  continue reading

Chapters

1. Welcome And Topic Set-Up (00:00:00)

2. Meet The Tax Specialist (00:03:05)

3. Why Capital Allowances Matter (00:06:40)

4. Specialist Skills Beyond Accountancy (00:10:45)

5. Capital Allowances 101 (00:14:20)

6. What Qualifies In A Practice (00:20:05)

7. PMA Vs SBA Explained (00:26:50)

8. Real Refurbishment Cost Breakdown (00:33:40)

9. Turning Spend Into Cash Savings (00:39:55)

386 episodes