Dental practice

Claim Results

  • 54
  • 1988-2022
  • 2021-2024
  • £1,676,300
  • £21,091,542
  • £3,932,270

Private Dental Practice

About the Claim and Challenges

Our client, who is the largest private dental practice in the UK, owns a total of 98 properties, consisting predominantly of dental practices and some commercial/retail properties. The client’s accountant sought assistance in efficiently identifying properties eligible for capital allowances and streamlining the property survey process. The challenge we faced was working through such a large number of properties using our due diligence to identify which property costs qualified for capital allowances. We had to ensure that we arranged and coordinated all the property surveys to make the process seamless and efficient.

Dental Practice

Our Approach

We began by collating all the necessary accounting, legal, and property information. This involved gathering documents such as Full Accounts, Fixed Asset Registers, Repairs & Renewals, Tax Returns, and Purchase Contracts along with other key information to ensure a comprehensive assessment could be completed. Next, using our due diligence, we meticulously assessed each property’s eligibility for capital allowances. This involved thorough land registry and property history checks ensuring an accurate understanding of claims history was obtained.

To facilitate precise property surveys, we prepare survey instructions outlining specific requirements for each property. These instructions provide our surveyors with comprehensive guidance to ensure accurate data collection. Efficiency was paramount in coordinating property surveys and therefore we carefully arranged and scheduled surveys to minimise delays and disruption to the client’s business.

Our expert team calculated the value of items within each property using approved valuation methods ensuring HMRC requirements were satisfied. The schedule of items for each property was then processed accurately highlighting those items available and qualifying for capital allowances. Clearly, an important part of our process is the task of removing nonqualifying or previously claimed items. We then produced a comprehensive claim report detailing our workings as well as including details for an S198 election for when the client decides to sell any properties in the future.

The culmination of our efforts resulted in a very impressive overall tax savings of £1,676,300 for our client. By optimising their capital allowances, we effectively reduced their tax liabilities. This positive outcome led to a satisfied and contented client, highlighting the success of our process and its impact on their financial well-being.

Dentist performing procedure on patient

Examples of some of the embedded qualifying items that we found...

  • Sanitary ware

    Sanitary ware

  • Electrical Systems

    Electrical Systems

  • Heating and Water systems

    Heating and Water systems

  • Fittings and built in units

    Fittings and built in units

An observation from our Project Coordinator, Lydia Marks...

“This case posed both challenges and opportunities. We carried out a comprehensive review of the relevant information, conducting a thorough assessment of capital allowances eligibility, and developing streamlined processes for property surveys. Our commitment to providing the best service resulted in a positive impact on our clients’ financial outcomes.”

Lydia Marks, project coordinator
CARS team photo

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