Development of a disused industrial site into a Retail Park.
Our initial assessment of the required works to clean up the site identified significant expenditure qualifying for land remediation relief, including:
· chemical contamination from previous industrial use
· infestation of Japanese Knotweed
· stockpiles of asbestos
Jex Capital Allowances initial findings were incorporated into the appraisal process and positively influenced the viability of the project. Our ability to understand the nature of the remediation works enhanced the total qualifying expenditure significantly and the cash flow benefit equated to 30% of the total qualifying spend available in the year of expenditure.
Jex CA provided a fully detailed valuation report that was included in the client’s tax return to support the Capital Allowances claim.