Convenience store

How Did We Help?

The client missed out on an acquisition claim because they didn’t pay a premium for the leasehold. This means that because no capital expenditure was incurred for the property lease/purchase, the capital allowances claim was nil.

However, because our client had made considerable capital expenditure on the fit-out, a full integral features and plant and machinery capital allowances claim was available on their leasehold property improvements.

What Was the Outcome?

The client was entitled to 79% of the capital expenditure in full in the year of expenditure via annual investment allowances (AIA). Had they contacted us a year later, they would not have been entitled to AIA.

It’s imperative that introducers, partners, and clients are aware of the consequences of leaving it too late. We’re here to help plug any knowledge gaps and provide robust advice ensuring that you claim what you are entitled to claim.

Relevant Legislation For This Case

Capital Allowances Act 2001 s11, s15, s33A & s176

Contact Us