Specialist Educational Facility in Durham
A specialist educational facility was purchased for £460,000 in 2022. Our team conducted a comprehensive review of the property and discovered £184,000 in unclaimed Capital Allowances.
Capital Allowance claim for a specialist educational facility in Durham
In 2022, the owner of an independent specialist educational needs facility in Durham enlisted HMA Tax’s expertise to conduct a comprehensive review of their property, purchased for £460,000. The facility had undergone strategic enhancements to provide progressive educational services to children and young adults with additional needs. Despite previous claims by their accountant, uncertainties persisted about the full application of available Capital Allowances.
The educational facility’s strategic upgrades presented a unique opportunity to capitalise on Capital Allowances. By claiming allowances on the investment in educational equipment, specialised facilities, and technology, the owner benefitted from substantial tax relief.
Our Approach
Our team examined the improvement and expansion expenses, uncovering a substantial £184,000 in unclaimed Capital Allowances—40% of the property’s purchase price.
Leveraging our in-depth knowledge of Capital Allowances, we compiled a detailed report outlining eligible assets and their associated values for potential claims. Collaborating closely with the educational facility owner’s accountant, we ensured the tax savings were maximised through effective reporting to HMRC.
Thanks to the specialised expertise of HMA Tax, the educational facility owner secured substantial tax savings by claiming £184,000 in unclaimed allowances. The resulting tax relief amounted to an impressive £36,800.
