Capital allowances advisors

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.

News and updates

Avison Young launches UK Flexible Workspace practice with Senior WeWork Duo

Avison Young launches UK Flexible Workspace practice with Senior WeWork Duo 21 February 2022

Strategic real estate advisor Avison Young has announced the appointment of Martin Devine, Principal, alongside Robbie MacDonald, Associate Director, to the growing London Markets team.

The pair join from WeWork where Martin was a Director in the Real Estate team, and recently headed up Broker and Agent Development for UK&I. Working closely alongside Martin, Robbie was a Senior Associate in the Broker and Agent Development team.

Martin and Robbie will integrate into the existing London Markets team, where their focus will be on driving growth in the flexible offices sector across London and the UK.

Martin has been directly involved in the leasehold acquisition of several WeWork assets across the UK&I since 2018, and more recently negotiated some of the largest flexible occupier deals across both the London and Dublin markets. Robbie was the driving force behind increasing occupancy rates across WeWork’s West London and Midtown portfolio, which now sits in excess of 85% for over 2 million sq ft of office space in 27 buildings.

With the evolving presence of flex across the capital, there is an immediate opportunity to provide investors, operators and occupiers with specialist advice. As more companies review their real estate requirements, hybrid working solutions will form a part of any strategic decision making for the modern occupier.

The new appointments will work closely with Avison Young’s bolstered tenant representation, leasing and investment teams as the business looks to become a market leader in the London transactional space and continues to support its clients in a constantly changing marketplace. Both Martin and Robbie will promote cross-border insights in conjunction with Charlie Morris (US), who leads Avison Young’s flexible solutions practice.

Stuart Commins, Principal, Occupier Advisory, Avison Young said:
“As we adapt to constant change in the market, it is clear occupiers want holistic advice when it comes to their real estate strategies, and therefore we need to consider the traditional office market in relation to the added benefits derived from the flex space. Both Martin and Robbie bring dedicated expertise and a skillset that will add immense value for existing and new clients across our London Markets team.”

Martin Devine, Principal, commented:
Avison Young’s vision to evolve its client offering in line with the global shift in occupier expectations, fills me with real excitement for the future. Having been part of the WeWork story since 2018, it will allow me to bring some valuable experience to occupiers, landlords and investors alike.

Jason Sibthorpe, Principal and UK President, Avison Young, commented:
“With the universal debate around office occupancy ongoing, flex advice is a core area of focus for us. The market won’t settle down overnight, and there is a real need for strategic advice for investors, occupiers and operators, to support businesses and their workforces in finding an adaptable solution that works for them. It’s a pleasure to welcome Martin and Robbie to the business to further realise the potential of London’s world-class office market for our clients."

Avison Young continues to actively invest in its London transactional team to complement its existing best-in-class consultative capabilities, since James Walker, Dominic Amey and Stuart Commins joined from Colliers in September 2021 to help drive growth across London. The trio were joined by their former team, which includes Directors Tom Swanson, James Nicholls and Jamie Nurcombe; and Associate Directors Chris Commins and Alfie John. The team is actively recruiting, with additional appointments to be announced soon.

+44 (0)20 7911 2900