| Opportunity |
| Client acquired a care home four years earlier. Contract apportioned as follows: |
| |
| Freehold land and buildings |
£500,000 |
| Goodwill |
£100,000 |
| Chattels and loose fixtures and fittings |
£100,000 |
| |
| The client's accountant had already claimed for the £100,000 of chattels. The client wished to explore the opportunity to claim the capital allowances on the fixed machinery or plant within the freehold land and buildings apportionment. |
| |
| Solution |
| Initial report and proposal produced detailing issues to be considered, estimate of capital allowances, net tax saving and our professional fees. Following appointment £100,000 of capital allowances were identified from our site visit and detailed analysis. |
| |
| Saving |
£10,000 First year net tax saving
at 40% higher rate income tax |
£40,000 Total lifetime net tax saving
at 40% higher rate income tax |
Our professional fees less than 50%
of first year tax saving |
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