Title of Project: Capital Allowances for Ratcliffe Terrace, Edinburgh Thomson Bethune’s Role: Calculate the value of the total expenditure which qualifies for machinery and plant allowances Client Sector: Mixed Use (Retail and Student Accommodation) Client: The Ratcliffe Partnership Project Cost: N/A Location: Edinburgh Date: November 2010 Project Scope: Background to the project: The Client who purchased the property in October 2008, are entitled to claim capital allowances on the buildings qualifying machinery and plant. The capital expenditure incurred on these assets reduces the client’s taxable profits or income. Thomson Bethune prepared a report, which details and ca

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