A recent client came to us with a Hotel in Manchester, our initial impression was that there could be a substantial claim as typically, within hotels, around 40% of the original purchase price of the property can be identified as claimable.
This particular client’s property was purchased for £4,800,000 and this meant they would be entitled to claim substantial allowances.
Our expert surveyors identified items such as air conditioning, kitchens, toilet fittings, heating systems, security systems and radiators, all of which could qualify for tax relief.
As expected, the allowances identified came to an impressive £2,353,024, resulting in tax relief of £378,717 directly to the property owner. Our client was surprised at just how high the figure was, and the importance of undergoing a Capital Allowance claim was confirmed with the amount of tax relief they receive.
Initially, a compelling reason clients engage HMA Tax is that we only charge a fee once we have identified allowances, this meant that there were no upfront fees and initial costs were covered by us.
This claim details a risk-free exercise that produced fantastic results for our client. Our 100% success rate of claims accepted by HMRC means that HMA Tax holds a flawless track record for consistently providing our clients with the best possible service.
To find out how much you could receive, visit our hotels page on our websites and estimate your claim.