Real result
£200k
Tax saving on a single case
Case study · Property developer · Lancashire
A £230,000 tax bill — reduced to £30,000.
A previous accountant had calculated a £230,000 liability on a ten-year, ten-property development. The income had been misclassified as revenue rather than capital. The correct figure was £30,000.
“The difference wasn't aggressive avoidance. It was knowing the correct treatment — and having an accountant who took the time to understand the full history of the project.”
A property developer came to us at the end of a 10-year project involving 10 properties. A previous accountant had calculated a tax liability of £230,000. The client wasn't satisfied — some of the treatment didn't align with the advice he'd received at the outset.
What we found
After a thorough review, we identified that the income had been misclassified as revenue rather than capital, which had incorrectly removed several allowances and disallowed costs that were entirely legitimate.
The result
The correct tax liability was £30,000.
The case is featured in The UK Property Investor's Tax Guide.
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