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< Case Studies Overbrook Caravan Park

Background

Situated on the site of an old, disused railway station, Overbrook Caravan Park is located on the outskirts of the picturesque village of Thornton le Dale in the North Yorkshire Moors National Park. The park has a total of 50 hard standing pitches (all with individual electric hook ups), plus four holiday cottages.

The current owners purchased the site in 2007.

£325,000

Capital allowances uncovered

£94,000

Unlocked in total tax savings

£2,500

Cash rebate (after fees)

What owners
Mr & Mrs Ellis said . . .


“We were very impressed with the way they dealt with our case, making the process straightforward and stress free. We didn’t expect that we would be able to benefit so successfully from this claim but are certainly glad we pursued it. Would definitely recommend other parks use Zeal to deal with this on their behalf.”

Overview of the claim

The park owners became aware of their entitlement to claim tax relief for unclaimed embedded capital allowances on and under their park following a call from one of our claim specialists. Realising it would cost them nothing to find out if they fully qualified, the owners were keen to proceed.

The result

A technical site survey identified more than 30% of the original price paid to purchase the park in qualifying expenditure. This generated future tax savings in excess of £94,000 for the owners. These tax savings will reduce tax due on the business profits for several years. In addition, both of the owners next tax bills were completely wiped out. Plus, they received a cash rebate of over £2,500. Without the specialist skills and knowledge of Zeal, these tax savings would have never been claimed.

Our associations

We bring our specialist knowledge to the sector through our associations and memberships with:

- British Holiday & Home Parks Association (BH&HPA)
- National Holiday & Home Parks Alliance (NH&HPA)
- Park Home & Holiday Park Association