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.

Read More Read Less

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.

Read More Read Less

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.

Read More Read Less

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.

Read More Read Less

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 secures letting at Tamworth 195

Avison Young secures letting at Tamworth 195 03 August 2022

Paack Logistics UK Limited has expanded its operations to a modern refurbished warehouse totalling 195,143 sq ft at Kingsbury Link in Tamworth. Avison Young acted on behalf of the landlord, Mileway, in the transaction and Roberts Vain Wilshaw represented the tenant.

The rapidly growing parcel delivery firm, which specialises in zero emission final mile deliveries has taken the unit, known as Tamworth 195, on a 15-year lease. The facility should be up and running by September 2022.

Gordon Finlay, Operations Director for Paack Logistics UK Limited, said:
“This facility will be our main UK hub and provides the perfect platform for our continued expansion.”

The unit, which was previously occupied by DSV ahead of granting of a new lease to Paack, benefits from Grade A specification, including 40 dock level and 7 level access loading doors, 13.6m eaves height and a yard depth up to 116m.

Kingsbury Link is located adjacent to Junction 10 of the M42, with national occupiers in the area including FedEx, DB Schenker, Movianto, Ocado and Greencore.

"The high level of occupier interest we had in the unit and subsequent deal showcases the strength of demand in the market for Grade A product in strategic locations. We are delighted to have been able to identify Paack quickly and look forward to working with Mileway again in the future,” said David Tew, Director at Avison Young, who acted on the deal.

Joseph Wilshaw, Principal Director for Roberts Vain Wilshaw Chartered Surveyors who advise Paack Logistics nationally on all property matters, said, “We are very pleased to get this strategic acquisition over the line for our valued, forward thinking final mile delivery company client. Paack is growing fast and this hub was needed to aid the expansion plan. It was a pleasure dealing with the landlord’s agent and I look forward to seeing the facility opened following the extensive refurbishment.”

Max Pearson, Asset Manager at Mileway, added:
“The recent letting of Kingsbury Link to Paack shows continued strength for well-located industrial space in the Midlands. We are pleased to have secured Paack, an exciting new logistics company, on a 15-year lease at the site and look forward to seeing them grow in the sector.”

+44 (0)24 7663 6888