Capital Allowances claim on Refurbishment of Studios and an Art Gallery in South London

Following the tenant occupier's significant refurbishment we were able to identify over 40% of expenditure being eligible for tax relief

Artists' Studios

Evaluate

The tenant occupier had significantly refurbished a former factory and dis-used office space to create art gallery and creative art studios in London.

Evolve

E³ Consulting’s specialist surveyor carried out an in-depth site survey and undertook a detailed analysis of the refurbishment costs to prepare the capital allowances claim. E3 Consulting was able to claim relief for expenditure on remediation of contaminated land in relation to the removal of asbestos from the property. Enhanced Capital Allowances relief was identified in respect of specific lighting installations in accordance with the ETL.

Enhance

Tax relief identified:

  • Enhanced Capital Allowances circa 1%
  • Plant and Machinery allowances circa 11%
  • Integral Features allowances circa 17%
  • Land Remediation Relief circa 2%
  • Repairs and Maintenance Relief circa 12%

Testimonial

Client’s Retained Accountant

“We were pleased to get E3 involved on a significant and unique art studio and gallery project for a long standing client of ours. Through engaging E3 Consulting’s professional and specialist service we were able to achieve a better than anticipated tax saving for our client in respect to their multi million pound investment.”

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