About the claim
The claim is in respect of various improvements and property extensions carried out between 2012 and 2019 to a caravan park. This included new toilet blocks, a new office and reception, a bar extension, and the construction of a leisure centre. The improvements carried out to the site totalled approximately £719,247. A portion of improvements were paid for by a Ltd company however, the assets of the company were then transferred to a Partnership with further improvements paid for by that entity.
We analysed the accounting treatment of the improvements after the clients accountants and were able to enhance the level of Capital Allowances available. This isn’t unusual and possible due our multi disciplinary process. Visiting the premises and carrying out a survey often highlights items that are no clearly visible in paperwork/invoices. The case is a great example of why we support the accountants across the UK maximise tax relief available against property expenditure.
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