Brokers with commercial financing enquiries for clients on new and existing properties will now be able to add another string to their offering, ensuring that their clients maximise the potential tax relief tied up in qualifying properties.
According to John Hayden of Oliver Rae, brokers will be able to ensure that clients and their professional advisers do not fall foul of legislative changes due to take effect in April which will prevent these reliefs being claimed if not properly identified and ‘pooled’ by the client at the earliest opportunity.
He said:
“These changes have already seen solicitors and even accountants seeking the assistance of specialist providers such as ourselves. It is only logical that packagers and broker networks do similarly to ensure they are fully prepared. The allowances in many cases can make a difference of thousands of pounds annually on a client’s tax bill when properly claimed, and could make a significant difference, especially in the current economic climate. By partnering with Omega, we are simply able to ensure that more brokers and their clients are able to ensure that they are making the most of the property they own.”
Kevin Jones of Omega Commercial commented:
“This new alliance helps us strengthen the service we offer our introducers and clients. Omega is well known as a market leader in the commercial financing sector, with strong relationships among many of the leading intermediary networks in the UK. With the potential that exists, and the upcoming changes in April, this link represents a logical and proactive move for Omega to make on behalf of our introducers and customers.”
