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.