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 appoints Ian Gascoigne to lead Industrial Lease Consultancy

Avison Young appoints Ian Gascoigne to lead Industrial Lease Consultancy 13 September 2021

Strategic real estate advisor Avison Young has welcomed Ian Gascoigne, who joins the Industrial Team as Director to lead the Industrial Lease Consultancy function, acting on a national basis.

Ian has specialised in the industrial and logistics sector for over 20 years, acting for both investors and occupiers. He joins from Gerald Eve where he led the Birmingham Lease Consultancy Team for the past five years, prior to which he was at CBRE for 15 years.

In his new role, Ian will continue to focus on mid and big box rent reviews, lease renewals, lease re-gears and acting as an Expert Witness, as well as providing holistic Capital Markets & Agency advice.

Ian’s clients include Prologis UK, Aberdeen Standard Investments, Knight Frank Investment Management, Aviva Investors and CCLA among others.

Commenting on his appointment, Ian Gascoigne said:
“This is an exciting time to be joining the market leading team at Avison Young. We have an incredibly dynamic and fast paced industrial and logistics market, which shows every sign of continuing for the foreseeable future.

This is leading to not only significant headline rental growth, but also to substantial growth in rents at rent review and lease renewal. I look forward to working with the team to help investors obtain maximum rents and returns and assist occupiers in minimising rents where possible, while realising value add opportunities. Leases continue to hold unintended complexities for either party and our team is here to ensure that the best possible outcomes are achieved.

I also look forward to exploring how evolving trends in the market, particularly around ESG, can yield significant improvements in lease terms, rental and returns outcomes, as well as CSR reporting gains for our investor and occupier clients.”

Rob Rae, Principal and Managing Director, Industrial, added:
“Ian’s expertise in the sector will further enhance our rounded perspective of the issues involved in leasing industrial property, allowing us to provide comprehensive advice, grounded in commercial reality.

Our specialist knowledge of the market on a local and national level provides our clients with the support they need to navigate this sector while it undergoes a period of supercharged growth and change. I’m delighted to welcome Ian to the team.”

Avison Young’s industrial sector specialists work with clients in all areas of the industrial, distribution and logistics sector, advising corporate occupiers, landowners, developers, investors and the public sector.

+44 (0)121 609 8028