Capital Expenditure Projects

Cellnex

Offices

We believe that all projects benefit from having senior personnel working on them from start to finish. We have an impeccable track record of maximising Capital Allowances for clients on all capex projects, be it, construction, fit-out or refurbishment works and are best placed to help raise the Capital Allowances opportunities available. Our capital allowances analysis work has helped significantly reduce the overall cost of the amazing office fit out project for our client Cellnex.

Expenditure On Emergency Rooms

Healthcare

Wandsworth work with number of accountancy practices and were approached to advise our client to analyse the capital expenditure incurred during the construction of 36 emergency rooms in East London. Expenditure totalled £3.1m.

One Aldwych

Leisure and Hospitality

A £20 million refurbishment of One Aldwych Hotel with high-specification renovations across the entire hotel including entrance, reception, bedrooms, suites, swimming pool, spa and restaurant areas. The works included all decorations, fixtures and furniture and M&E packages.

Dove Rock, Cornwall

Holiday Lets

Wandsworth were able to assist our client by providing both a purchase claim and capex claim for a furnished holiday let property in Looe, Cornwall.

Eriks Industrial Services Limited

Industrial

ERIKS is a specialised industrial service provider, offering a wide range of engineering components, technical services and customisation solutions to all areas of industry. The company offers in-house designed components, an extensive product range, comprehensive engineering services and supply solutions.

Serviced Apartments, London

Other - Commercial Property

Our client purchased the freehold interest in this serviced apartment building in 2011 for a consideration of £11,400,000.

The property was converted from offices to high-quality furbished serviced apartments in 2008 and no capital allowances had been claimed on the refurbishment costs or the existing installations at the point of sale.

We identified a total of £2,950,000 of capital allowances that could then be written down year on year against our client’s tax liability to reduce taxable profits.

Our Clients

Capital Allowances FAQ'S

Read our FAQ's to get the answers you need right now.

What are capital allowances?

Capital allowances are the only means of providing tax relief for capital expenditure incurred by both UK and overseas taxpayers on commercial property. They act as an incentive to invest by saving money for these businesses. They do this by offsetting tax on profits which would otherwise be due by the number of allowances claimed. Capital allowances, therefore, reduce taxable profits for companies, businesses and individuals.

What is the real benefit?

The benefit is simple – we can help reduce your tax liability and therefore you pay a lot less tax. The ‘hidden’ benefit is the peace of mind in knowing that your claim is being prepared by an expert who will produce a detailed report on an open book basis in a technically robust fashion so that you do not have to worry about this part of your tax computation.

How much will it cost me?

Our fees are based on the level of allowances identified and will always be less than the first year tax benefit. If we can’t or won’t save any tax we will not charge you a fee.

Why do they exist?

They act as an incentive for businesses to keep investing in property and other business assets. Capital allowances provide tax relief for capital expenditure on items of plant and machinery. Depreciation of fixed assets is not-allowable and not deducted from taxable profits, so another tax relief is available on this expenditure. Capital allowances were brought in to give relief against tax and help keep the economy healthy.

The services provided were great and we achieved a fantastic result on both our capital allowances and research and development claims. Their advice and insight has been really helpful on our recent projects. We would be more than happy to recommend them.

David Foulis

We engaged Wandsworth to complete a comprehensive review of our Capital Allowances position. A process that can be resource and time intensive for businesses internally, was handled with experience, expertise and skill. Wandsworth were able to assist us to maximise our potential tax relief with their specialist knowledge in this area. Throughout the process the communication was excellent and the team were a pleasure to work with.

Julia Gosling

Wandsworth are standout advisors in this specialist area. Their advice greatly benefits our clients and further enhances our comprehensive range of services for building owners redeveloping their properties.