Capital Allowances can be claimed when a business owner buys an asset for their business, the business owner can then deduct some or all of the value of the item from their profits subject to tax.

Client Challenge

A group of property investors required Capital Allowance advice when funding a new multi-million pound construction of a mixed use community centre, called The Hub in South Normanton, Derbyshire. Work began on construction of The Hub in 2009. The Hub included offices, a doctor’s surgery, nursery, library and residential apartments.

How did Bedrock help?

The team at Bedrock carried out a Capital Allowance review of the project to identify pertinent tax saving opportunities arising from their investment in the development of The Hub.

Business Impact and Benefits

The review highlighted Capital Allowances available. The total project cost was in excess of £7 million and generated £2 million in Capital Allowances. There was an overall tax saving for the investors of £900,000 with £108,000 in the first year alone.

Typical claimable items for The Hub included:

  • Integral features such as water, heating, ventilation and electrical systems and a lift
  • Other plant and machinery items including: kitchen fittings, door closers, locks, levers and panic bars, blinds, sanitary accessories and appliances, integrated plumbing systems, CCTV, automatic doors/gate controls etc.

Get in touch with the Bedrock team if you would like to discuss whether your property could be subject to Capital Allowances.

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Call us on 0115 778 8533 for a free consultation.

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