IMH Advisory LLP advised a leading gym operator for a number of years. As an expanding business, they are opening multiple sites each year. It is not considered practical or cost effective to review each site in detail for capital allowances purposes.
Therefore we adopted a capital allowances sampling approach for the typical fit outs.
A sample of sites has been reviewed and the weighted average result applied to the remaining locations.
In conjunction with the project surveyors, we prepared a pro-forma for energy and water efficient plant that qualifies for 100% Enhanced Capital Allowances (ECA). This is identified separately to the sampling noted above.
We also separately identify any asbestos removal. This qualifies for Land Remediation Relief (LRR), which provides a 150% tax deduction for Qualifying Land Remediation Expenditure (QLRE).