Is Veritapp applicable to you?

Veritapp is used to calculate capital allowances for tangible fixed assets, specifically buildings, where they are built, refurbished and fitted out. It is not suitable to non property assets, large projects, and projects that are special one offs

STEP 1

Applied machine learning delivers accurate and supportable claim outputs

• Go to your account’s transactions, tangible assets
• Select either the project code or the relevant account code, e.g. typically

Typical Codes	Not These Codes
Legal and professional fees	Motor vehicle
Repairs and maintenance	Operating lease payments
Buildings, freehold	IT soft and consumables
Leasehold, improvements	Computer equipment
	Plant & Machinery
	Office equipment

STEP 2

• Within the accounts code, do you have large payments classified as “contractor/building. There may be several payments, sometime in number order 1,2,3.
• Find out the type of project from the following lists:

Sector	Type
Office	All
Industrial	with offices / logistics
Retail	high street / retail park / out of town / petrol station
Hospitality	bar, cafe, coffee shop, restaurant
Leisure	hotel
Medical	care home / dentist / GP surgery
Educational	nursery
Residential	furnished holiday let

STEP 3

• Go to the estimate function on Veritapp – contact support team where you do not meet the criteria of project and value at contact@veritapp.ai for specialist help from an expert.
• Enter the “construction/building/contractor” cost – between £100,000 to £750,000
• Apply the project type
• See the result, is the benefit worth analysing?

STEP 4

Create a project in Veritapp – follow the steps on line