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Capital Allowances Solutions
UK taxpayers including: Property Investors Owner occupiers Occupational tenants SOLUTIONS Pre-contract advice Project monitoring Capital allowances claim preparation Repair and maintenance expenditure analysis Inland Revenue and Valuation Office negotiations  SPECIFIC
SPECIALIST AREASTax efficient design audits Estimated allowances cashflow for tax computations Interim claims for long term projects Enhanced capital allowances advice Contract sum apportionment Repair and maintenance analysis Contribution agreements CASE STUDY A major retailer is undertaking a major refurbishment of one of its stores yet wishes to keep it trading to the general public. This requires the works to be phased and areas of the store to be isolated using hoardings as well as the diversion of services installations to maintain power and water supplies whilst other areas are stripped out. The expected out turn cost of the works is £20 million. Analysis of the works reveals that £1 million is spent on keeping the store operational and this is claimed as revenue expenditure and thus 100% tax relief is received in year 1. A further £11 million is spent on plant and machinery including the fitting out contracts - this can be claimed on a 25% per annum reducing balance basis which means that effectively 95% of the benefit is obtained after 8 years. Of the £11 million some is likely to relate to energy saving plant and machinery which is entitled to 100% tax relief in year 1. |
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