This new build warehouse and offices in Oxfordshire was built at a cost of £1,833,730. Our extensive analysis and report identified capital allowances of £667,762 which represents a tax saving over time of £126,875 based on a Corporation Tax Rate of 19%.
This new build factory and offices in West Yorkshire was built at a cost of £2,817,128. Our analysis of the expenditure produced a capital allowances claim of £617,585 which represents at tax saving, over time, of £117,341 based of a Corporation Tax Rate of 19%
We analysed £3,557,674 of expenditure for the company which owns this distribution and logistics hub in Oxfordshire. This resulted in a capital allowances claim of £485,726 which represents a tax saving, over time, of £92,288 for a 19% Corporation Tax Payer.
Located in the North-West of England this was originally a new build food warehouse incorporating a large freezer unit. The total construction cost was circa £2.2m in 2009. The capital allowances we identified were circa £605k producing a tax saving, over time, of circa £120k for a 20% Corporation Tax Payer.
This case was slightly unusual as we assessed the internal freezer unit was a piece of plant in its own right meaning that its cost, allowing for indexation, could be claimed in its entirety. This boosted the overall claim significantly.
This large warehouse and office site in the North-East of the UK was originally originally purchased by our client in April 2006 for £3,455,100. They were only alerted to the possibility of a capital allowances claim when they came to sell it. The capital allowances identified were significant at £919,542 which would mean a tax saving over time of circa £174,000 for a corporation tax payer at 19%. However as our client was selling the property they were only able to claim a lesser tax benefit but it was fi8nancially beneficial, This really does illustrate the need to investigate claiming capital allowances as soon as possible so that you as the owner or potential owner can claim the lion’s share of any capital allowances tax benefit.
In September 2022 we undertook a capital allowances claim for the landlord of 10 commercial properties located near Stanstead Airport. Although they had originally been purchased from the developer in 2011/12 they had never been subjected to a specialist capital allowances claim. Our report identified £787,878 of previously unidentified capital allowances which represents a tax saving over time of £148,556.82 assuming an ongoing Corporation Tax Rate of 19%.
“We undertake capital allowances claims on many differing types of industrial property including new builds, second hand purchases and property re-developments.”