 |
 |
 |
Case study 1 | Historical Office Portfolio
Opportunity
Approached by a property investor’s accountant to assist them in identifying the capital allowances on the client’s historic commercial property portfolio. This contained a mixture of second hand acquisitions and capital expenditure projects. Total expenditure on the portfolio was £4,000,000.
Solution
All available information was gathered from the accountant and the client. An initial report and proposal was produced. This detailed the issues to be considered, estimate of capital allowances, the tax saving and our professional fees. Following appointment £1,000,000 of capital allowances were identified from the portfolio.
Saving
£100,000
First year tax saving at 40% higher rate income tax.
£400,000
Total lifetime tax saving at 40% higher rate income tax.
Professional fees less than 50% of the first year tax saving.