A record of results

With our unrivaled expertise, we’ve helped many accountants and their clients receive the full benefits of Capital Allowances. Here are some of our recent success stories.

Secured

£217,000

In tax savings

Care home

Knowing when you’re entitled to claim Capital Allowances.

Why did we get involved?

Basic points of entitlement were not met and previous owners and lessees not entitled to claim.

What was the problem?

Appointed to advise our client on their post 1 April 2014 purchase of a long-established care home. Our client was informed by their Capital Allowances adviser that no Capital Allowances were available to them due to previous extensive fit-out works.

What was the outcome?

Opened the door for our client to make a full claim against capital expenditure.

How might this issue affect your clients?

Contact us to find out how to capture Capital Allowances in transactions properly.

Hotel

When you are NOT entitled to claim.

Why did we get involved?

We retrospectively advised on an inter-group hotel transfer in early April 2014. Our client incurred capital expenditure of circa £18m on extensive renovation works incurred over a ten-year period and would normally be entitled to £1.5m of tax savings.

What was the problem?

There is no ‘get-out’ allowing companies in a group structure (or similar) to avoid the FA 2012 requirements.

What was the outcome?

Our client’s entitlement to claim was lost due to the vagaries of legislation and we are now supporting client and their new tax adviser to mitigate.

How might this issue affect your clients?

Contact us to find out how this happened and how you can prevent it happening to one of your clients.

£1,500,000

Tax saving lost by poor advice

Secured

£40,000

Then a further

£335,000

In tax savings

Mixed use portfolio

Tax Planning: Maximising Allowances and Accelerating Relief.

Why did we get involved?

Appointed to advise client looking to claim Capital Allowances as a means of supporting cash-flow and potential future tax savings.

What was the problem?

Our client was unaware of Annual Investment Allowances (AIA) for 100% first year relief and believed that any property purchased before 1 April 2012 ceased to be eligible for a retrospective Capital Allowances claim, following the new rules driven by FA 2012.

What was the outcome?

We prepared a claim in time to utilise AIA and generated immediate tax savings of around £40,000 tax rebate through amendment of the relevant open tax return; an important point that had previous been overlooked.

How might this issue affect you and your clients?

Contact us to find out how, and also why, the client received a further c.£335,000 of savings.

Industrial units

The importance of getting specialist advice.

Why did we get involved?

We were engaged in the initial stages of a property transaction to prevent the loss of Capital Allowances, not only for our client, but for any future purchaser of the property.

What was the problem?

The property was being transferred between numerous connected parties between 2007 and 2013 (Company A), and then sold to an unconnected third party (Company B) whilst simultaneously being sold to another unconnected third party (Company C) on the same day (after 1 Apr 2014).

What was the outcome?

Company A were restricted and, although Company B were not entitled to claim, their cooperation in the pooling process was key to ensure Company C benefitted.

How might this issue affect your clients?

Contact us to find out how we helped all parties out.

Secured

£14,400

In tax savings after complex negotiations

In 2017 Six Forward identified over

£64M

In Capital Allowances within the following sectors...

CARE HOMES
MULTI-USE
HOTELS
INDUSTRIAL
OFFICES
HOSTELS
SERVICED ACCOMMODATION
CARAVAN PARKS
DOCTORS
APARTMENT BLOCKS
FOOTBALL CLUBS