About our client
The Palmer Family Trust Ltd is a well-established property investment fund that has been operating for 58 years. They have built and manage a large portfolio of commercial, residential, and mixed-use properties. The fund is actively looking for opportunities resulting in properties being sold and acquired.
The Capital Allowance claim is in respect of costs incurred by the company to acquire commercial and mixed-use properties. The property costs under review span over a 30 year period with most of the properties seeing a number of tenants over the years. Careful consideration was taken not to include expenditure incurred by any tenants, past or present.
One of the challenges for this particular claim was the collation of information due to reviewing expenditure going back as far as 1982. Although limited documentation will be available for cases of this type, an approach can still be made. Our approach ensures reasonable and logical steps are taken when preparing claims to satisfy HMRC requirements.
The client’s activity of buying & selling property has created an ongoing relationship due to the importance of reviewing the possibility of Capital Allowance claims for potential new investments as well as the preparation of Section 198 Elections to protect its position for those properties the fund sells.
What our client says
“We completed a claim with Capital Allowance Review Service on a large number of our properties and we were delighted with the savings we made. Since completing the claim, they now support us on an ongoing basis when buying and selling property. CARS are very much part of our buying and selling process and we are pleased to now have them as part of our routine. Capital allowance claims can save businesses like ours huge amounts of money. We would definitely recommend CARS to others that are looking for support in this area. We have found CARS to be professional, efficient, and provide an excellent service.”
David Palmer | Managing Director
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