Page 6 - Autumn 2017

Autumn 2017

Elect’s service covers:
Case Study
● On-site survey to identify qualifying items
Restaurant
embedded within the fabric of the building
Another survey was carried out for an accountant’s
client who had purchased a former bank premises and ● Valuation of all qualifying items
converted it into a Restaurant. We were able to identi-
fy small power, lighting and cold water systems that ● Compilation of a detailed report for HMRC
were not previously allowable. The client had carried ● Fees are charged as a small percentage of the
out a £928,000 conversion of which we identified value of the qualifying expenditure we identify.
£488,000 as qualifying capital allowances expenditure.
The accountant’s expectation was that we would find
circa £300,000. Needless to say, both the accountant

Can we help you to maximise your Capital Allowances
claims?

Sean Doyle
New legislation incorporated within the Finance Act 2012
came into full effect in April 2014, which means Capital Capital Allowances Business Development Manager
Allowances must to be considered when buying and selling Tel: 01889 740 405
a commercial property, or the allowance will be lost
Mob: 07528 876 657
forever.
We draw on many years' practical experience within
HMRC, private tax consultancy and surveying, enabling us
to bring you the assurance that any claim we identify will
meet HMRC’s strict requirements. were delighted with the

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