When a business is being bought or sold as a going concern where the transaction includes commercial property, the potential to claim Capital Allowances is often missed.
A business sale and purchase is not a simple property transaction where Capital Allowances would generally always be considered.
The vendor often does not get advice to enable them to take advantage of unclaimed Capital Allowances before the deal goes through and the buyer is often unaware of the potential to claim for themselves allowances previously not claimed by the vendor.
For example, Stuart Rivers Associates were instrumental in assisting a clients’ accountants secure the vendor’s unclaimed allowances as part of a transaction where the cost attributed to the building was £2.5m and the Capital Allowances value to the buyer in that deal was almost £600,000. That generated a very significant tax saving which was a very pleasant surprise!
So, if you are buying or selling a business as a going concern and there is commercial property included, talk to us and we can establish what Capital Allowances are available.
