Dentist Surgery in Leeds
A modern dentist surgery was purchased for £930,000 in Leeds in 2022. Our team at HMA Tax conducted a thorough review of the property and found £214,900 in unclaimed Capital Allowances.
Capital Allowance claim for a state-of-the-art dentist surgery in Leeds
In 2022, a private healthcare provider approached HMA Tax with a newly-acquired dentist surgery in Leeds. The facility had been bought for £930,000 and was outfitted with the latest dental technology and equipment.
The owner had made investments in refurbishing the property but was unaware of all the available Capital Allowances that could be claimed.
Our Approach
HMA Tax accepted the task of uncovering any unclaimed Capital Allowances available to the owner of the dentist surgery. Our team conducted a meticulous examination of the costs involved in the refurbishment and found that a significant portion of the capital allowances had not been claimed.
Utilizing their comprehensive knowledge of Capital Allowances, our team identified £214,900 of unclaimed capital allowances that were available to the owner. We supplied a detailed report showcasing our findings, including a list of assets that were eligible for capital allowances, and the values that could be claimed.
After identifying the unclaimed capital allowances, we collaborated closely with the owner’s accountants to guarantee that the tax savings were maximized. Our team provided continual support throughout the process, from crafting the required documentation to engaging with HMRC to obtain the tax savings.
Thanks to the expertise of HMA Tax, the owner of the dentist surgery was able to obtain significant tax savings through the discovered capital allowances. The owner was able to claim £214,900 in unclaimed capital allowances, resulting in a tax saving of over £40,000.
This case illustrates HMA Tax’s dedication to providing specialized Capital Allowance solutions that are tailor-made to each client’s unique needs. By identifying and claiming unused Capital Allowances, we persistently support commercial property owners throughout the UK in optimizing their tax savings.