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Global retailer
Private hotel
Corporate bank
 Property investor
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This overseas property investor acquired a substantial office in the City of London for circa £70m in early 2009 and inherited a capital allowances s198 tax election at £1. The client and advisors were expecting nil tax relief.
Through a detailed due-diligence process Lovell Consulting managed to identify significant additional plant that had not been claimed by the prior vendor and also identify that prior allowances related solely to a refurbishment project.
A further claim was then made on original plant assets within the property as well as the general lighting, general power and cold water systems which now qualify as Integral Features. The overall additional tax saving was close to £1,500,000.
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