Purchase claims for industrial portfolio

Our client, a family owned fabrication business, purchased several industrial buildings on a South London business park between 2006 and 2021 for a combined £3.9m. 

Tallex provided a Free Healthcheck of the client’s capital allowances claims and identified no claims had been considered on property purchases. We carried out due diligence on each deal, identified partial entitlement to claim on the portfolio, carried out surveys of each property, land valuations and reconstruction cost estimates to identify the capital allowances on the purchase prices paid. 

Our service provided an immediate £39,000 in corporation tax savings for the client, and tax savings over time of £63,500.

“Tallex spotted something we and our previous accountants had completely missed. The result was really valuable for our business.”