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Saving tax with Capital Allowances
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Global retailer
Private hotel
Corporate bank
Property investor
Lovell Consulting advised a global retailer on their existing capital allowances strategy across the whole store portfolio. Undertaking a detailed and statistically valid study, Lovell Consulting agreed percentages for general pool plant and machinery, integral features and revenue expenditure on new store and refurbishment projects. Items qualifying for Enhanced Capital Allowances were identified separately. A separate study was carried out to to idenfity expenditure on contaminated land relief.

The resultant agreement increased group capital allowances by over 30%, reduced compliance risk and materially reduced their internal and external capital allowances compliance burden.
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