Building refurbishment, fitting out or New Build
The cost of refurbishing a property or constructing a new building can be substantial. The tax relief available on certain assets within such projects can also be substantial.
Project: Boutique Hotel above a Public House
Spec.: Complete refurbishment of breakfast room, reception, all bedrooms and installation of ensuite bathrooms. New lighting, air conditioning, fire alarms and security installation.
Total Tax Saving: Approx. £90,000 in year 1 using a full Annual Investment Allowance.
Regional Office Fit Out
Project: Fit out of 5th floor off
Spec.: Replacement of floor and ceiling finishes, new heating, ventilation and lighting installation. New partitions and refurbishment of WC facilities on landing.
Total Tax Saving: Approx. £50,000 in year 1 using a full Annual Investment Allowance.
Project: New Office building constructed to developers CAT A specification
Spec.: 7 story office block basement carpark and ground floor retail. BREEAM Outstanding. Air conditioning, energy efficient lighting, lifts, WC facilities and tea points on all levels, Fire alarms, security installation, BMS, Solar panels and external solar shading.
Total Capital Allowances: £7,500,000
Total Cash saving over a number of years approx.: £1,425,000
Fitting Out a Day Nursery
Project: Converting a doctors surgery into a children’s day nursery
Location: Home Counties
Spec.: Conversion works, repairs and redecoration, installation of new heating, light and power, sanitary fittings, kitchen, floor and ceiling finishes.
Total tax releivable expenditure in excess of 70% of total expenditure
The business takes all the tax releif in year one by using their AIA
Project: CAT A refurbishment by a landlord
Location: London, EC2
Spec.: 1980’s building with stone façade. Removal of redundant plant, facde cleaning, CAT A refurbishment including new HVAC, lighting, alarm sysytems, new partitions, WC and tea points to each floor and overhauled lift.
Total tax relievable expenditure : £1,700,000
Total Cash saving over a number of years approx.: £320,000
Project: Owner occupied manufacturing building
Location: South East
Spec.: Single story factory building with two storey ancilliary office and welfare facilities. Roller shutter doors to loading bay, storage racking, HVAC, energy efficient lighting, WC facilities, staff restaurant, office partitions, carpets, ceiling finishes and a lift.
Total Capital Allowances: £1,800,000
Total Cash saving over a number of years approx.: £350,000
Project: Purchase of a long leasehold office block
Spec.: Heated office building with WC Facilities on each level. Basement carpark.
Total Capital Allowances: £900,000
Total Cash saving over a number of years approx.: £360,000
Office Fit Out
Project: Fit out of an industrial unit to form an out of town call centre
Location: South East
Spec.: New HVAC, electrical lighting and power, raised flooring, suspended ceilings, demountable partitions, sanitary fittings and staff kitchen.
Total tax relievable expenditure : £540,000
Total cash saving approx.: £100,000