Valuation of major CCGT power stations for tax purposes

Brief

When a Big-Six utility acquired three gas fired powered stations and an underground gas storage facility, a valuation of the machinery & equipment was required to calculate the Stamp Duty Land Tax liability.

Work

Three gas fired power stations across the UK were inspected as well as a natural underground gas storage facility. Output capacity totaled 1194 MW.

Outcome

The client received a detailed valuation report enabling the calculation of HMRC stamp duty.