Another Care home has taken positive steps towards claiming significant tax relief.
A care home is ending the month with a big pay-out, due to an embedded capital allowance claim that results in considerable tax relief.
A recent client came to us with a Hotel in Manchester, our initial impression was that there could be a substantial claim, and safe to say we were correct!
A London based hotel group has had a windfall this month, as they have been able to claim millions of pounds in capital allowances across their hotel group, right when the industry has been experiencing one of its toughest 12 months on record.
Capital allowances are one of the most useful and inexpensive ways for hotel businesses to mitigate their corporate tax liabilities on embedded assets within their property.
Typically, within offices around 35% of the original purchase price of the property can be identified as allowable, and for our client whose property was worth £4,800,000, we had an idea of the level of allowances that would be found.
We identified £738,600 worth of allowances, which resulted in a cash refund of £89,820 to the property owner, upon which they soon realised that this was certainly a worthwhile exercise! Find out more!
Much to the delight of our client, we identified £34.5k of allowances which resulted in a cash refund of £6,976 to the surgery owner! Find out more!
We recently completed a claim for a client who owned a showroom/warehouse. This client wasn't really expecting to find many allowances on their property, but you wont believe what we found!