Child Care Facility in Stafford

A child care facility was purchased for Β£1.2m in 2021. Our team conducted a review of the property and discovered Β£480,000 in unclaimed Capital Allowances.

Capital Allowance claim for a progressive Child Care Facility in Stafford.

The Property

In 2021, the owner of an esteemed child care facility in Stafford engaged HMA Tax’s expertise to uncover potential tax benefits within their property. Acquired for Β£1.2 million, the facility played a pivotal role in providing high-quality early education and care for children.

Our Approach

Recognising the unique assets associated with early education, our knowledgeable tax advisors conducted a meticulous review of the property’s capital expenditures.

The analysis revealed Β£480,000 in unclaimed allowances, precisely 40% of the purchase price. These allowances covered essential fixtures for educational purposes, safety equipment, and other qualifying assets. Collaborating with the facility’s management and accountants, we ensured a smooth integration of these allowances into their financial strategy.

Thanks to HMA Tax’s expertise, the child care facility owner successfully claimed Β£480,000 in unclaimed Capital Allowances. This amounted to a substantial tax saving of Β£96,000, providing a significant financial boost for the facility. The savings will be directed towards enhancing educational resources, ensuring a safe and stimulating environment for the children.