Trusted by over 400,000 with their insurance needs
Our service is rated ‘Excellent’ on Feefo
Over 2000 insurance specialists ready to support you
Eureka Capital Allowance Specialists: A Case Study
Eureka Capital Allowance Specialists: A Case Study
Eureka Capital Allowances identify and unlock hidden tax relief on parks that owners and their accountants have not or cannot claim. Capital allowances cost claims such as this, involve reviewing all expenditure, analysing every pound to ensure nothing has been missed and allowances have been optimised. The Eureka team will work with your Towergate accountant, offering a free review, to ensure nothing is missed. If they don’t find anything, you will not pay anything.
Case Study
Having had major developments, Silver Bay Holiday Park, Rhoscolyn, offers a beautiful and unique family coastal retreat with award-winning facilities and breath-taking Anglesey scenery.
The major development that was carried out created a substantial amount of capital allowances qualifying as expenditure to review. Whilst the owners’ accountants identified and captured the obvious expenditure incurred, c.£3m at the time, a diligent forensic review carried out by the technical team at Eureka captured a further staggering qualifying amount that was missed and overlooked. Much of the expenditure also qualified for super deduction and AIA, which again was not claimed for.
Eureka’s expertise in the park industry enabled them to claim on items that many accountants are unaware of, which means that they can help park owners benefit from large uplifts in previous claims made by their accountants. Uplifts are typically by around 40%, but in some cases, can be much higher.
Get in touch
Speak to Eureka’s expert team today by calling 029 2280 3333 or visit their website.
To find out more about insurance and risk management solutions for your property, speak to our team today by calling James Anscombe on 079 6785 0015 or emailing james.anscombe@towergate.co.uk.
About the author
James Anscombe Cert CII is a respected industry leader with over 10 years' business development experience protecting clients in the charity insurance sector. His professional area of expertise is working with and developing new clients within the not-for-profit sector, offering the best solutions to each individual charity to protect organisations for the long term.
Consistent with our policy when giving comment and advice on a non-specific basis, we cannot assume legal responsibility for the accuracy of any particular statement. In the case of specific problems we recommend that professional advice be sought.
