Dove Rock, Cornwall

The property was bought for £1.76million, and a full survey was completed to ensure that all allowable items were claimed. Wandsworth identified £485,000 worth of allowances for the purchase claim.

A £420,000 renovation and addition to the property took place; mainly refurbishing the balcony, steps and car parking area which were no longer fit for purpose. Wandsworth identified an additional £110,000 of allowances for this capital expenditure.

In total, our clients were able to put their Capital allowances claim forward of c.£595,000 equating to c.£235,000 cash benefit.

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Many clients are unaware of the potential benefits of capital allowances. As one of the first ports of call for a client you, as a property professional are very well placed to inform your client about the benefits of capital allowances.