How Zeal are helping parks to save tax

Zeal are a team of Chartered Tax Advisors and Qualified Property Surveyors that specialise in helping holiday and residential park owners take advantage of a significantly underclaimed Government tax relief available on the ‘embedded fixtures’ such as the electrical systems and drainage pipework found in and under their sites.  

It does not matter if the park was purchased a long time ago or even if the original fixtures have since been repaired or replaced – you could still be entitled to claim this specialist tax relief. 

For more information about this specialist tax relief for park owners, watch Zeal’s short, animated explainer video and check out the Zeal guide to unlocking tax relief on holiday parks. 

How much can park owners claim in tax relief? 

Typically 20% – 40% of the price paid to purchase, build or convert the park is identified in unclaimed capital allowances. Qualifying items on a holiday park can include electrical hook-ups, water systems and drainage, toilet and shower blocks, onsite shops, laundry and facilities, swimming pools, infrastructure and more.  

By making a claim on these fixtures, significant tax savings can be achieved. For owners, this can amount to an average of £80,000 in tax relief per property! Many also receive a cash rebate from HMRC for tax they have unknowingly overpaid.  

Isn’t this something an accountant should claim? 

Due to the complex nature of an embedded fixtures claim, and that uncovering the full value of qualifying expenditure requires specific tax knowledge coupled with surveying and valuation skills, it’s not generally something an accountant would claim unless they used a specialist firm like Zeal.  

For this reason, most businesses, particularly owners of holiday and residential parks, have never heard of this tax relief and are completely unaware of the tax savings they are missing out on. If you have never had a technical capital allowances survey done on your park, it’s unlikely that you’ve made this claim. 

Zeal can confirm if your park would qualify for tax relief and provide an estimate of the savings you could be entitled to by asking a few quick questions.  

How are Zeal different (and better) than other firms? 

Thanks to Zeal, park owners throughout the UK have reclaimed tens of millions in tax savings. Their experts have unrivalled knowledge and experience in the hospitality and holiday park sector, making Zeal the ‘go-to’ specialists for this type of claim. 

Zeal’s in-house, Chartered Tax Advisors and surveying team enable them to provide the whole package to clients. Many other firms simply complete a survey and prepare a report to give to an accountant or HMRC which generates unnecessary costs for clients and an additional burden for their advisors. The team at Zeal, however, take clients through the whole process, working out the tax implications, submitting revised returns and dealing with any enquiries from HMRC in the unlikely event they arise. 

This full cradle-to-grave service also includes professional aftercare support within the fee to give clients and accountants any support required when claiming the future tax savings, and if applicable, deal with any tax implications if the property is sold in the future. Zeal are there for as long as their clients need them! 

Working with Zeal is risk-free. They work on a paid-by-results basis and don’t charge any fixed or upfront fees – you only pay a fee if your claim is successful. They also provide a free property survey to identify all qualifying items and ensure the maximum tax relief is claimed for you. Other firms charge up to £1000 for this. They are also rated ‘Excellent’ on Trustpilot by previous clients. 

Book a free consultation at a time and date that suits you or contact Zeal on 01633 287898 or hello@gozeal.co.uk.