£5m of historical enhancement expenditure incurred by care home provider with no detailed cost information. Insufficient information provided for accountant to make a claim.
Worked closely with accountant team and client, applied quantity surveying principles and specialist knowledge to build up project cost plan for capital allowances analysis purposes. Prepared fully disclosed report for submission to HMRC.
Additional capital allowances and repairs of £1.9m(38%) and immediate tax refund of £120,000.