Page 5 - Autumn 2017
P. 5
Autumn 2017
Claiming Capital Allowances
on Commercial Properties
CASE STUDY
Holiday Park
We carried out a survey for a Holiday Park business covering
two separate sites in different regions of the country. The
accountant engaged us to identify additional Capital Allow-
ances not previously claimed.
We ascertained that the caravans had been claimed for by
the accountant, so we began looking at other qualifying ex-
penditure, including:
Capital Allowances account for between 15% - 25% of the
purchase price of a property, and up to 50% on ● Underground electrical distribution and hook up
refurbishments. The service we provide can, in most points to more than 500 caravans
cases, reduce tax liability and generate an immediate tax
refund which can amount to thousands of pounds. ● Cold water points
● Bar and kitchen equipment in the club houses
We utilise the latest technology to maximise Capital
Allowances claims on commercial properties costing ● Swimming pool and associated water treatment
from as little as £100,000 through to multi-million pound equipment and pumps
projects.
● Reception areas
We also help generate an additional income stream for ● Child play areas
Accountants, Solicitors, Architects, Surveyors and
Commercial Property Agents. The larger part of the claim covered the electrical distribu-
tion from the mains to each park, and then from the mains
Typical properties that can benefit include:
huts to various small sub-stations, along with associated ca-
● Offices & Business Parks bling and conduits.
● Holiday Parks Despite the fact that an allowance for caravans had already
been made, we identified an additional £712,000 in qualify-
● Warehouses & Industrial Sites
ing expenditure, as follows:
● Shopping Centres
•One of the parks was purchased for £593,000 and we
● Sports Stadiums found a further £305,000.
● Concert Halls •The second park was purchased for £1,950,000 with an ad-
ditional property purchase for £265,000, and we found a
● Hotels, Pubs & Restaurants
further £407,000.
● Supermarkets & Other Retail Outlets
● Care Homes
● Doctors', Dentists' and Veterinary Surgeries
● Car Dealerships
● Golf Clubs
● Furnished Holiday Lets
● Homes of Multiple Occupancy
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