The Business Exchange Swindon & Wiltshire Edition 28: Dec/Jan 2016/17 | Page 8

BUSINESS ADVICE OF WORLD WARS AND SAVING TAX In our core business of helping our clients to save tax we have the privilege of exploring many interesting properties, some because of the processes they hide and a few of national historical significance. One of my favourite is also quite unassuming. Hangar 45 in Wiltshire is, as named, a classic military building with the roots of its construction as far back as the Royal Flying Corps in 1916, and used throughout WWII as an important radio and wireless training camp as well as flying school. The larger site, named RAF Yatesbury, hosted famous names including Guy Gibson who, before progressing to dambusting, actually made his first solo flight from there in 1936. install pre cast concrete stairways and other bespoke concrete products. The manufacture of these forms needs large areas that are well ventilated but dry and a hangar fits that brief perfectly and 45 has the bonus of built in office space. We were referred to the purchaser of the hangar by his solicitors and because the property now has a commercial trade and contains various items such as heating, lighting, power and water supplies a survey was carried out and a substantial capital allowances claim made. So we have an old and listed military building that spent a long time in disrepair and consisting mainly of air…How can that qualify for a tax saving? In 2003 a company call LeRoc is formed to design, manufacture and “How can that qualify for a tax saving?” I hope this helps anyone reading this to understand that any person or company that owns a commercial property has the right to make a capital allowances claim, no matter how unlikely it seems. We are very happy to talk through individual circumstances at no cost to explore whether a claim is worthwhile… Please feel free to ring and ask to speak to me directly. Ian Thorne Brown @fuellinggrowth For more info: www.thornebrownconsulting.co.uk The Ideal Venue for your Corporate Event Conference & Private Dining Rooms for up to 120 Guests • Day Delegate Packages from £30pp 47 En-Suite Bedrooms • Golf Course • Indoor Pool • Tennis • Gym • Free Wifi • Spa & Salon Contact our Bespoke Events Department for more information or to book a ticket on 01793 750751 or [email protected] Cricklade House | Common Hill | Cricklade | Wiltshire | SN6 6HA 01793 750751 crickladehotel.co.uk 8 THE BUSINESS EXCHANGE 2016