About our client
This country park was acquired in 2010 and owned by a Limited Company. The Company spent in total acquiring the park £2,870,000. The new owner (our Client) bought not only structures when acquiring the park but fixtures, features and fittings that carried a function for the business to continue trading as a holiday park. The business generates a taxable profit which the Capital Allowances claim reduced.
Due to the Client’s tax status, this meant that the amount of tax that will be saved as a result of the PEFFs could total £203,114.