Retail Unit in Liverpool

A retail unit was purchased for Β£1.5m in the bustling city of Liverpool, by a leading UK retailer. Our team successfully conducted a full review of the property and discovered Β£3m in unclaimed Capital Allowances.

Capital Allowance claim for a dynamic retail unit in Liverpool.

The Property

In 2022, the owner of a thriving retail unit in Liverpool sought the assistance of HMA Tax to conduct a comprehensive review of their property, purchased for Β£1.5 million. The retail space had undergone strategic enhancements to stay at the forefront of consumer trends. Despite previous claims by their accountant, the owner was uncertain about the full utilisation of available Capital Allowances.

Annual Investment Allowances (AIAs):

Our team ensured that the retail unit owner harnessed the full potential of Annual Investment Allowances (AIAs). This strategic measure significantly reduced their tax liability, offering the opportunity to reinvest saved funds into further enhancing the retail space, introducing new products, or expanding marketing efforts.

Fit Outs & Refurbishments:

The retail unit’s strategic upgrades presented an opportunity to capitalise on Capital Allowances. By claiming allowances on the investment in fixtures, fittings, and other retail-specific assets, the owner benefitted from substantial tax relief. HMA Tax’s seasoned team meticulously examined available allowances, incorporating AIAs, Super-Deduction, WDAs, and SBAs to optimise the owner’s tax savings.

Our Approach

Our team meticulously examined the upgrade and refurbishment expenses, uncovering Β£300,000 in unclaimed Capital Allowances – 20% of the property’s purchase price.

Leveraging our knowledge of Capital Allowances, we compiled a detailed report outlining eligible assets and their associated values for potential claims. Collaborating closely with the retail unit owner’s accountants, we ensured the tax savings were maximised through effective communication with HMRC.

Thanks to the specialised expertise of HMA Tax, the retail unit owner secured substantial tax savings by claiming Β£300,000 in unclaimed allowances. The resulting tax relief amounted to an impressive Β£60,000.