Veritas are currently advising BUPA, accountants and many GP Practices across the country to help reduce the costs of their developments, refurbishments and fit outs. The cash saving is significant, equating to 45p in every £1 spent for GP Partners, helping projects with funding gaps become viable.
Maximising the Capital Allowances is not straightforward and consideration needs to be given to allocate NHS grant monies to non qualifying assets, recovering irrecoverable VAT, wider business expenses such as move costs and direct expenditure, identification of all ancillary costs and also timing of expenditure.
Contact us for an initial free assessment of your premises works and how best to either tax plan for future works or recover missed reliefs against historic expenditure incurred over the years.
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