Hotel
Hotel Refurbishment – additional allowances of £1,800,000
This project consisted of the re-analysis of the major refurbishment of an existing hotel costing £6,200,000.
The property was refurbished by the owner, who procured the construction works by buying all of the materials, hiring plant and employing labour to carry out the works. Our work required a detailed allocation of all materials, plant hire and labour costs to the items that qualified as plant & machinery.
Our work resulted in an additional £1,800,000 of plant & machinery allowances.
Our work produced an overall tax saving for a 23% taxpayer of £414,000
Hotel Chain Re-Brand – additional allowances of £6,200,000
This project consisted of the introduction of a sampling methodology to agree the capital allowances on the re-branding and refurbishment of a national hotel chain.
Our work resulted in an additional £6,200,000 of plant & machinery allowances.
Our work produced an overall tax saving for a 23% taxpayer of £1,426,000.
Hotel Construction – additional allowances of £502,000
This project consisted of the construction of a new hotel within the existing office attached to a listed former wartime facility costing £9,600,000.
An analysis of the construction work had been prepared by the clients’ existing capital allowances consultant. Initial review indicated that the analysis was materially under-stated and an exercise was carried out to re-analyse the works from first principles.
The re-analysis resulted in an additional £502,000 of plant and machinery allowances.
Our work produced an overall tax saving for a 23% taxpayer of £115,460.