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Case study 3 | Retail Portfolio
Opportunity
Our client’s accountant highlighted the client’s acquisitions over the previous year. Total expenditure on the portfolio for the year under consideration was £75,000,000.
Solution
Collation of the required legal and accounting information was carried out. On site surveys and detailed analysis of each property were required to prepare the detailed schedule for the accountant. £5,500,000 of capital allowances were identified from the portfolio.
Saving
£400,000
First year tax saving at 30% corporation tax.
£1,550,000
Total lifetime tax saving at 28% corporation tax.
Professional fees less than 50% of first year tax saving.