Capital Statements for Tax Purposes
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We have vast experience in the preparation of Capital Statements for tax, bank finance and other purposes. Tax Authorities demand
that taxpayers submit details of their assets (at historic cost values) and liabilities, usually every five or six years in
order to confirm the correctness of assessments raised on taxpayers. After the preparation and submission of such Capital
Statements to the Tax Authorities, a meeting is mutually agreed with the Tax Authorities in order to personally discuss and
finally agree the tax liability of the taxpayer for the years that the Capital Statements refer. Sound knowledge of tax laws,
regulations and especially tax practice is required at such meetings in order to properly represent and defend clients' case.
Clients are, as a rule, represented at such meetings by experienced tax partners with many years of experience in dealing
with such cases.
- Nexia Poyiadjis are also in a position to prepare Capital Statements showing the private assets and liabilities of clients -
at historic cost values - in order to support applications to banks for the grant of personal credit facilities.
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