Holiday Parks .
Holiday parks are capital intensive businesses. Infrastructure, utilities, leisure facilities and site improvements all create significant qualifying expenditure.
Holiday Parks .
Holiday parks are capital intensive businesses. Infrastructure, utilities, leisure facilities and site improvements all create significant qualifying expenditure.
However, allowances are not limited to recent capex. Drainage, electrics, heating systems and site installations that were already in place when the park was acquired can also qualify if reviewed properly.
Without a detailed site survey at acquisition and ongoing capex review, substantial relief is often missed.
For holiday park claims, up to 40% of the purchase price can qualify for Capital allowances.
- electrical mains & hooks ups
- water systems & outlets
- shower & toilet facilities
- street lighting
- disposal installations
- water and treatment plant
And much, much more…
What can a holiday park owner claim on?
UK legislation allows some business property owners to claim capital allowances on qualifying fixtures already within a property at acquisition, even where these assets were already in place at the time of purchase.Â
Newly added items and post-acquisition expenditure can also qualify. Whilst accountants typically claim the more obvious items, a surveyor led review can identify additional embedded fixtures and integral features often missed, unlocking further valuable tax relief.
“The service provided from Eureka was excellent. They were professional, friendly, patient and so helpful. They handled everything, I didn’t have to do much and their surveyor identified the savings. We were really surprised by the amount of our claim, definitely worth doing.”
Glen & Hannah
Discover Parks
Questions.
Have any questions that we haven’t answered here? Get in touch with us and we will do our best to answer them for you!
Why Accountants Can’t Claim These Allowances.
Capital allowances on property cannot be identified from accounts alone and usually require a specialist review of the building itself. As accountants are not trained or insured to carry out building surveys, significant capital allowances are routinely missed without this process.
What Are Capital Allowances?
Capital allowances allow businesses to deduct qualifying capital expenditure on plant and machinery from taxable profits. When a commercial property is purchased, part of the purchase price may relate to qualifying assets already within the building, which are often overlooked but can deliver significant tax relief when properly identified.
Who Can Claim Capital Allowances?
Businesses and property owners who incur qualifying capital expenditure, including those who purchase commercial property, may be entitled to claim.
What Can Qualify?
Capital allowances generally apply to qualifying plant and machinery and certain fixtures within a commercial property. These items are often embedded within the building and, when correctly identified through specialist analysis, can be pooled and claimed for tax relief.