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!
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!
Within the property, our specialist team identified allowances on items such as sanitary ware, kitchen fittings, door closers, lighting systems, suspended ceilings boilers, security systems and more. This added up to £1,701,650 in combined allowances!
Since Glasgow is certainly not our closest neighbour, this was a great way to meet dentists we might not have met otherwise from the Midlands, giving us the chance to introduce our specialist team.
“I couldn’t believe that my accountant didn’t do this, and when I found out I was able to claim back a substantial amount of tax benefits. It turned out that all I needed was a specialist team to identify certain embedded items.”
Of all the highly effective areas we can look at, find out why hotels are probably the absolute pinnacle of potential due to the nature of the property used in such a business.
Many people when looking at the issue of Embedded Capital Allowances feel that it may be more trouble than it's worth, we are here to tell you that its well worth your while.