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Do you own a restaurant?

If yes, we know that owning a restaurant comes with numerous expenditures. But did you realise that a significant portion of these costs could be eligible for tax relief?

How can I benefit?

Consider this restaurant owner’s experience and yours may be something similar!

  • Accountant’s Assessment: £57,000 identified as eligible for Capital Allowances tax relief, covering: loose furniture and fittings, kitchen equipment and cutlery and crockery
  • Sponjem UK’s Investigation found:
    • That the value was indeed below the norm for restaurant fit-outs and a deep dive revealed an overlooked £187,000 of eligible items.
    • The oversights included missed contractor payments and consultant fees. And a detailed analysis led to discovering allowances for:
      • Air conditioning
      • Heating and ventilation
      • Electrical installations
      • Welfare facilities
      • Lift and dumb waiter
      • Signage, carpets, and curtains
      • Ambient décor reflecting the restaurant’s theme

Is there tax relief available?

Absolutely! But it’s crucial to know where to look. The final claim, amounting to £244,000, was still conservative due to exclusions related to attached residential properties. This example underlines the importance of specialist insight when claiming tax reliefs.

If you’re wondering if you’re maximising your tax relief, we’re here to help. Contact us for a chat. Our fees will come out of what we have saved you, so all it will cost you is your time.

Contact us

Get the tax relief you are entitled to

If you need the help of a tax consultant to identify what tax relief you are eligible for on your commercial property, contact us today to have a no obligation chat.

We’ll do our best to call when it’s convenient for you.

Case study

A customer success story

The Stag at Mentmore

Restaurant renovation

The Stag at Mentmore Ltd was a restaurant renovation. They were able to claim £124k after investing £233k in the development.

Read more

I would absolutely recommend Paul. I was very happy with the outcome. Paul was very thorough throughout the process and did a great job. My only regret is not getting him involved sooner!

Nick Walters
The Stag at Mentmore Ltd