These brief details outline a recent case study whereby we were instructed to identify Capital Allowances on behalf of an Industrial Unit.
Date of Property Purchase: Pre – 2008
Purchase Price: £2.25m
Location: North West
Capital Allowances Pool Identified: £122,519
Rate of Tax paid: 40%
Total Tax Saving: c£49,007
As shown above, our client received a total tax saving of £49,007 as a result of a claim for Capital Allowances on the initial purchase price of the property.
To understand if you or your client’s are eligible for this technical tax relief, please contact our specialist Capital Allowances team today for free consultation.