Holiday Lets

Excellent knowledge of all areas of capital allowances, including Holiday Lets.

At Wandsworth Consulting, we understand the unique challenges and opportunities within the holiday let sector, where capital expenditure is instrumental in maintaining and enhancing property assets.

Talk to an Expert

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.

Dove Rock, Cornwall

Services

Capital Expenditure Projects

For capital expenditure projects: 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. for Commercial property purchases: Purchasing property that was previously owned, and capital allowances were not fully claimed by a previous owner, may give rise to unclaimed allowances being "inherited" or transferred.

View Service

Services

Commercial Property Property Purchases

Not all property investors realise that capital allowances can be claimed on purchased property. Consequently, many purchasers do not even think about capital allowances at all. We will work with you and your solicitor to ensure you maximise the benefit whether you are buying or selling.

View Service

Services

Furnished Holiday Lets

We have helped many clients save money on both purchasing and refurbishing Furnished Holiday Lettings (FHLs). We analyse all the costs in detail and work with you, your accountant and solicitors to maximise the return for you.

View Service

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

FD, Honest Burgers

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

Kerry Food Group

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.