Capital Allowances claim on the purchase and refurbishment of a Furnished Holiday Letting in Wales

We were able to enhance the value of the client’s Capital Allowances, saving them £85,000 on their tax bill over time.

FHL Wales

Evaluate

Purchase of a spacious detached house built in the 1930's and fully refurbished to an extremely high standard Furnished Holiday Letting in Saundersfoot, Pembrokeshire.

Evolve

Following a complimentary Property HealthCheck, the owners appointed E3 Consulting to assess the capital allowances tax relief potentially available in respect to the purchase and subsequent refurbishment works - 7 years after completion, having been overlooked by their Big 4 accountants.

Enhance

Tax relief identified:

  • Plant and machinery allowances circa £50,000
  • Repairs & maintenance expenditure circa £35,000

Testimonial

Owner:

“The tax savings E3 Consulting achieved will be hugely helpful in offsetting our capital expenditure costs. E3 were efficient and always helpful. They obviously had extensive specialist knowledge in this area. Their report was clear, professional and well presented. It has been a pleasure working with them.”

 

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