Capital Allowances claim on the refurbishment on a Pub with Rooms in Somerset

Capital Allowances claim on the refurbishment of a £1m Public House & Restaurant in Somerset identifying over £670k being eligible to tax relief.

Swan Wedmore

Evaluate

Our client acquired the pub from a National Pub chain in a poor condition and closed it for 11months whilst it was completely refurbished. There are 6 en-suite bedrooms all fitted-out to a high standard whilst the pub also has function space and staff & guest welfare facilities as well as a commercial kitchen led by Tom Blake from River Cottage. It has extensive landscaped gardens and terrace.

E³ Consulting were instructed as the Client’s retained capital allowances adviser to maximise the property tax relief potentially available in respect to this significant refurbishment of this traditional pub with rooms.

Evolve

E³ Consulting’s specialist surveyor carried out an in-depth site survey and undertook a detailed analysis of the construction contracts to prepare the capital allowances claims.

Enhance

Tax relief identified:

  • Enhanced capital allowances circa £4,500
  • Plant and machinery allowances of above £490,000
  • Integral features allowances approx. £151,000
  • Repairs deductions of circa £25,000

Testimonial

Director

“We have used Alun and his specialist team at E3 Consulting on numerous projects and over many years and again were delighted with the outcomes achieved and tax savings derived from this complex project. They continue to support us on our other pub and commercial property interests.”

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