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 enters fast-paced South-East-Asian real estate market through new affiliation agreement in Vietnam

Ho Chi Minh City skyline 20 September 2023

Global real estate company Avison Young expands its APAC reach into the South-East-Asian market by taking on board 100 industry experts in Ho Chi Minh City and Hanoi.

Toronto, ON – Avison Young today announced its expansion into the Vietnamese market through a strategic affiliation agreement with Ho Chi Minh City and Hanoi-based D&P Company. The commercial real estate company expands its APAC network - and establishes a presence in South-East Asia for the first time, demonstrating the firm's commitment to providing exceptional real estate services to clients around the world.

The new Avison Young Vietnamese operation offers experienced, multi-national team consisting of more than 100 real estate experts, with transactional, management, and consulting services across all major property types. Services include Valuation and Advisory, Industrial and Office Leasing and capital markets, property management, and asset management.

The offices in Hanoi and Ho Chi Minh City will be led by David Jackson and Peter Dinning, who will be joining as Principals, with Jackson taking on the role of CEO and Dinning acting as Chairman. Both have in-depth knowledge of the Vietnamese market and more than 20 years of experience as managing directors of a real estate company in the South-East Asian market. This will enable the Avison Young team to provide tailored real estate solutions to clients in Vietnam, enabling them to navigate this dynamic and rapidly evolving market with confidence. The country with its fast-paced real estate market has seen significant socio-economic growth in the past decades. Its young population and tech-savvy workforce, encourage innovation and rapid urbanization.

The affiliation agreement is a strategic step in Avison Young's global expansion. By leveraging its global intelligence platforms and working with local industry experts, Avison Young aims to build lasting partnerships with clients and contribute to the sustainable development of communities in Vietnam.

Mark E. Rose, Chairman and CEO of Avison Young, expressed his excitement about the affiliation, saying:

"Vietnam is a fast-growing market, and we are incredibly excited to expand the Avison Young network in the Asian-Pacific real estate market, through our affiliation with D&P. Vietnam's robust economy and dynamic real estate sector offer tremendous opportunities for us to deliver innovative solutions to our clients. We are confident that David's and Peter’s leadership and expertise will be instrumental in establishing and growing our presence in this market.

David Jackson, Principal and CEO of Avison Young Vietnam, said:

"The opportunity to lead the newly affiliated office in Vietnam of a dynamic, tech-forward and deeply experienced global real estate company such as Avison Young, is very exciting. Together with our experienced team, we look forward to extending the company’s purpose of creating real economic, social and environmental value to the South-East Asian market.”

About Avison Young

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2023 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 12 consecutive years.

For more information, visit www.avisonyoung.com