Concept
All lodges contain embedded items of fixtures & fittings that are vital for the property to function as a holiday let. These items in isolation can seem quite innocuous such as heating and electrical systems, safety systems, bathroom facilities and even door handles! But without them the building wouldn’t function as a commercial property.
Equally the quantity and value of the total of these items can also add up to a substantial amount – our average claim is around 25% of acquisition costs and 50% for property improvement/development expenditure. Our aim is to highlight all the embedded fixtures & fittings within a holiday let that qualify for tax relief.
Our Process
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Assessment – to determine whether a claim is available and viable.
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Claim Processing – securing the claim value
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Apply claim to the client’s tax position.
What our client says
The CARS team were very professional and efficient in assessing and completing claims for my hospitality business. All stages of the process were explained thoroughly and we were delighted with the tax refunds which were generated and the additional reliefs available for future years.
Charles Randall | Director
Fees
There are no upfront costs. Our fees are a % of the claim we secure and purely contingent based on success, therefore, if no savings are found, there is no cost.
Important
There’s no doubt you and your accountants have an established routine for assessing Capital Allowances and therefore it’s important to stress that we’re not questioning their or your ability. We look to enhance the level of Capital Allowances claimed by introducing additional disciplines that add value to your work. For example, a survey is completed on the property to identify items that are not visible within the paperwork and sit within Land & Buildings on the Balance Sheet (not Fixtures & Fittings)!
Other Case Studies
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Luxury Furnished Holiday Let (FHL)
Industry: Holiday Parks & Furnished Holiday Lets
- £916,421
- £548,799
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