CASE STUDIES

Office Building - Cardiff

We were appointed to assess an office building in Cardiff purchased for £1,750,000 in May 2017. After establishing entitlement to make a full claim a survey and apportionment exercise was carried out which identified capital allowances of £609,000.

The owner operates as a Limited Company and the capital allowance pools will significantly reduce Corporation Tax payable for many years to come.

Cash and carry warehouse and offices – Cardiff

We were appointed to assess a large cash and carry warehouse in Cardiff in 2011. The business has construction costs back in 2000 for £3,040,000. After establishing entitlement to make a full claim a survey and apportionment exercise was carried out which identified capital allowances of £858,000.

Through working with the company’s accountant it was identified that £138,000 had already been claimed for and therefore in order not to claim twice the final claim was reduced to £720,000.

The owner operates as a Limited Company. Some of the allowances were utilised to produce an immediate Corporation Tax refund, whilst the remaining allowances were carried forward to reduce Corporation Tax payable for many years to come.

Public House – Bolton 

We were appointed to assess for a public house in Bolton purchased in 2010. Our due diligence process identified that a full claim wasn’t possible, however a claim was established based on the property improvements and construction costs. The property owner had spent £372,000 and £98,000 was identified as qualifying for capital allowances.

The owner operates as a Limited Company and the allowances identified were utilised to achieve a Corporation Tax refund.

Office building refurbishment – Newport

We were appointed to assess a refurbishment of an office building in 2018 where £220,000 had been spent by the property owner. Our service was then able to identify capital allowances of £174,000.

The owner operates as a Limited Company and was able to use the allowances to achieve an immediate Corporation Tax refund.

Retail shop unit – Glasgow

We were appointed to assess a shop unit in Glasgow in 2013. The unit had been purchased for £320,000 back in 2002. After establishing entitlement to make a full claim a survey and apportionment exercise was carried out which identified capital allowances of £70,000.

The owner was a private individual and the capital allowances were utilised to achieve an immediate personal tax refund.