Health Clubs – additional allowances of £2,200,000

This project consisted of the retrospective review of a portfolio of health clubs.

We found that the company and its accountant had agreed a methodology for calculating the capital allowances within construction projects with HMRC.  We also found that one property did not have any capital allowances claimed in respect of its construction additions.

Our work resulted in an additional £2,200,000 of plant & machinery allowances.

Our work produced an overall tax saving for a 23% taxpayer of £506,000.