£200k tax relief secured for industrial rental company

Our Approach 

• Our Specialist Capital Allowance Team was engaged to identify and maximise the expenditure qualifying for relief.  
• Fact finding meetings were held on sites to consider contents of buildings and establish items of expenditure likely to qualify for Capital Allowances 
• A detailed review of expenditure was carried out to establish qualifying items of capital expenditure and rate of Capital Allowances available 
• A summary report of qualifying expenditure was prepared to support the claim for tax relief on qualifying expenditure 

The Outcome 

• Corporation Tax liabilities of the previous two years were reduced, providing a tax repayment in excess of £200,000  
• Substantial expenditure qualifying for Capital Allowances identified 
• Of the £2m spend on one industrial unit the following expenditure qualifying for Capital Allowances was identified: 

• • 48% – Main Pool at annual rate of 18% 
  • 7% – Special Rate Pool at annual rate of 8% 
  • 3% – Qualified for 100% rate of Capital Allowances 

• Of the £2.2m spend on an office building the following expenditure qualifying for Capital Allowances was identified: 

• • 5% – Main Pool at annual rate of 18% 
  • 18% – Special Rate Pool at annual rate of 8% 
  • 11% – Qualified for 100% rate of Capital Allowances