Capital allowances advisors

Each year millions of pounds of tax allowances and reliefs go unclaimed.

Tax issues are often overlooked or considered at a late stage in property transactions, but when the full suite of options for tax allowances are used proactively they can secure significant savings from acquisitions, disposals, developments and brown field remediations.

For many tax is a consequence, rather than a strategy. Working alongside our clients to deeply understand their circumstances we leverage tax reliefs to positively shape property strategies; maximising your potential, opportunities and savings across property transactions and developments.

We understand that commercial business drivers will always dominate property development and investment, but if tax allowances and reliefs are used strategically they can significantly enhance returns. Our experience means that we know where to introduce and implement tax allowance strategies for maximum effect.

Contact us

Construction claim assessment

Capital Allowances is a technical and specialist activity that requires an optimal blend of knowledge, experience, and attitude.

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Our services are provided by senior advisers that have performed at the highest level across a variety of service platforms. Accounting, surveying and property consultancy experience blends together a considered and mature approach to claim solutions. We assume a thorough approach is required in all client requests but wherever possible we adopt simple, clear and disclosed services.

We believe capital allowances are an essential aspect in any project armoury and an invaluable value engineering tool. The inclusion of capital allowances estimates to project viability, feasibility, and financial modelling studies is paramount to enable our clients to fully consider project scope and returns. Maximising capital allowances then becomes an intrinsic project element, providing confidence to clients, and all stakeholders and interested parties.

Having a range of understanding through plant and machinery allowances, general plant, integral features, super deductions and first year allowances, structure and buildings allowances, contributions, grants, repairs, etc requires a holistic experienced approach to evaluate the best approach required.

Strategic acquisition advice

Our consultants have 20 plus years of advising on large and complex transactions through proactive planning and negotiation.

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Best practice and a high level of understanding underpin capital allowances transaction strategies, whether in selling or buying scenarios. Adopting a bespoke forward-thinking strategy establishes a competitive advantage over the opposing transacting parties, and in this respect capital allowances is no different to client investment and negotiation advice. A little proactive planning using foresight and judgement goes a long way to providing knowledgeable and maximised tax outcomes.

The building fixtures environment has evolved many times over the last 20-30 years, with finally, in the last 5 years at least, HMRC achieving a greater level of control and transparency. Significant opportunities remain however, for both sellers and buyers through an understanding of seller structure and positioning, protection and creative use of allowances both unidentified or identified, or knowing the right information required at the right time out with the standard CPSE enquiries. The key to success is in engaging the right expert early.

Sectorising allowances

All industry sectors are unique but require a tailored and transferable approach of core disciplines.

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Our cross trained senior surveying and tax experts have a unique set of skills which are required to assess, evaluate, review and document optimised capital allowances claims for our clients. We believe that core capabilities are essential to maximise savings in all industry sectors including offices, hotels and leisure, healthcare, manufacturing and so on. Whilst some industries require a more truly specialised approach such as the water industry or previously sports stadia and grounds (safety at work), we are also firm advocates of establishing expert knowledge in our client sectors.

Years of experience in listening to our clients business ideas and aspirations has taught us where best to place our focus in building strategies to increase allowances and savings. Existing building alterations may throw up a high degree of incidental assets, hotel projects will include a significant amount of embellishments and finishes, and healthcare builds will contain a high incidence of protective and clean assets. We listen, we learn, and we understand to how best develop our services to serve our individual clients.

Land remediation relief

An extremely rewarding tax relief that necessitates a highly specialised level of qualitative due diligence.

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Capital allowances advice requires a good degree of technical due diligence and entitlement considerations, and a high focus on analytical cost skills. However, the extremely valuable land remediation relief requires an opposing approach. To secure this relief It is fundamentally important to carry out a thorough understanding and review of all relevant client, transaction, property, environmental considerations, remediation strategy, and relevant costs to advise clients property. Failure to do so could be very costly.

A full review of this tax relief by HMRC several years back resulted in higher levels of legislative entitlement to focus the financial benefit where previously intended. Robust due diligence is key and must be enacted with the both the client’s and project consultant’s assistance to enable full disclosure of all relevant case facts. Our consultants are highly motivated to ensuring all client’s take advantage of this valuable project saving but with the correct, detailed approach.

Key capital allowances contacts

Peter O'Brien

    • Principal & Managing Director
    • Valuation Advisory Services
peter.o'[email protected]

News and updates

Avison Young Insight team bolsters ranks

Avison Young Insight team bolsters ranks 31 August 2021

Graham Shone joins as Associate Director, Alec Johnson and Pearl Gillum join as Senior Analysts.

Strategic real estate advisor Avison Young has welcomed three new joiners to its Insight team, which provides data-driven consultancy and analysis of the latest trends in the real estate market and the wider economy.

Graham Shone, Associate Director, will cover Central London offices. He joins from industry publication EG, where he was most recently Head of Offices and Workplace Research, having joined as a researcher in 2010.

In his latest position, Graham was responsible for the compilation of quarterly market analyses, as well as writing and presenting on broader market trends such as connectivity, geographical shifts in occupier footprints, environmental performance, and the wider implications of changes in white-collar working patterns.

Pearl Gillum, Senior Analyst, will be working with Graham on Central London offices research, having joined from Savills. Graham and Pearl will provide data-led insights to Avison Young’s London office market team, in a time when the city recovers from the pandemic. While the ongoing draw of major cities like London has been questioned over the past year, there is a resurgence of occupiers and investors willing to commit to the capital. Avison Young’s analysis will provide clients with guidance on navigating the post-pandemic market and identifying value-add opportunities.

Alec Johnson has joined as Senior Analyst, focusing on industrial, logistics, and warehousing. Alec joins from Colliers, where he worked as an analyst covering the industrial market in Montreal and Canada.

Avison Young is looking to grow the Insight team further, building on its ability to produce the highest level of market intelligence, which will be vital to inform investor and occupier decisions throughout a prolonged phase of post-COVID recovery.

Daryl Perry, Head of UK Insight, said:
“The rate of change in the economy and our industry continues to be fast-paced, and we’re committed to providing our clients with the insight needed to not just keep pace but stay ahead of the curve.

As office occupiers come to terms with hybrid working, and the complexities of occupier and investor decision-making increase, we’re looking forward to supporting our agency and investment teams, as well as the wider business, with data-driven insights.

Likewise, the supercharged growth in the industrial and logistics market requires in-depth analysis to identify new opportunities and solutions, which our growing team is best placed to provide.”

The Insight team has seen several further appointments and promotions over the past months. James Roberts, most recently Chief Economist at Knight Frank, has joined as Director, and Kiran Patel was promoted to a global position as Senior Analyst, working alongside Avison Young’s Global Director of Insight, Nick Axford.

The Insight team provides market-leading analysis and commentary across Avison Young’s services and key sectors. Outputs include the UK Cities Recovery Index, which tracks multiple high frequency indicators to assess the speed and trajectory of Covid-recovery across major UK cities and on a national level, providing real time indicators of economic development and urban evolution as restrictions are eased.

+44 (0)20 7911 2340