Case Study

Petrol Station Acquisition

Claim results

Years of spend
2022
Claim submitted
2023
Purchase price
£6m
Capital allowances identified
£1.36m

About the claim

The petrol station was originally developed by the seller and thus allowed our client to make a full claim on this property.

The site consisted of a BP petrol station, a small M&S and a 2-storey McDonalds.

Our approach

These types of properties generally yield low claims due to tenants (McDonalds & M&S) incurring the majority of the cost and as such unavailable to the landlord to claim on.

The McDonalds building was a modular structure which was placed down rather than built. However, we were still able to claim on the main connections to the building.

The rest of the claim was based on all the petrol station fittings.

Example of fixtures that were claimed:

  • Cold Water Systems
  • Electrical Systems
  • Forecourt Pumps
  • Fuel Tanks

Key fact

Property investors should not assume that there is nothing left to claim on a property just because a tenant has done major work or a significant fit-out. There could still be a worthwhile claim available to them.

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Each claim is different so use our contact form to make an enquiry or call us to discuss your circumstances.

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Chris Lonergan

Director

Chris is our commercial lead and is responsible for our relationships with clients, partner firms and other intermediaries. His background spans sales, business development and consulting in several sectors including engineering, construction, professional and financial services.

Chris has been involved with Capital Allowances for over 10 years and has helped hundreds of clients to gain tax relief. During this time he also helped to build a new mid-market accountancy firm out of a larger organisation and spent time with a large specialist tax reliefs business so has good market knowledge and understands how different types of businesses in it operate.

Chris shares Stuart’s philosophy and as part of a specialist business also very much believes in collaboration and joint working with partners to provide the best level of client service and maximised tax benefit.

Philip Rivers

Commercial Manager

Philip joined Stuart Rivers Associates after finishing university and worked hard behind the scenes, learning the ropes of the business.

He now works as a commercial manager involving close liaison with our surveyor team in researching client entitlement as well as helping to develop the business.

Andrew Davies

Director

After working for a major PLC for many years and then working for a local accounting practice, Andrew join Stuart Rivers Associates in 2003.

Andrew has experience in all areas of the business and is currently responsible for the operations team together with the financial management and day to day commercial decisions.

Andrew supports the philosophy of the business and ensures the high quality service that has been built up over the years is not only maintained but developed further to mee the ever changing needs of our clients and joint working partners.

Stuart Rivers

Senior Partner

Stuart is a chartered Quantity Surveyor who formed Stuart Rivers Associates in 1993 after having worked for major national surveying practices where he first encountered Capital Allowances. 

Stuart quickly developed the practice into one of the country’s leading specialist Capital Allowance consultancies providing advice to not only major accountancy practices but also to investors, developers and building owners no matter the size of the business or whether they owned a single building or a large portfolio of property.

 Stuart’s philosophy, which runs through the core of the company, is to provide a service to clients that is accurate, comprehensive, and effortless but above all generates plenty of tax relief.

Consultancy

Whether you are buying or selling we can provide appropriate clauses for the sale and purchase agreement to safeguard potential capital allowances and also advise a potential value of Capital Allowances for negotiation purposes. 

Construction expenditure

We can analyse both current and historic construction expenditure from the available information to ensure you gain the appropriate Capital Allowances from your expenditure. 

For example: 

The refurbishment of an existing building for £1 million could generate between £300,000 and £700,000 of tax relief. 

Property purchases

When acquiring a property either from a developer or a previous owner, we can identify and assess the Capital Allowances you may be entitled to. 

For example: 

A commercial property bought for £1 million could generate between £100,000 and £400,000 of tax relief depending on the type of property. 

It is still possible to claim Capital Allowances on property bought many years ago!

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