Capital allowances advisors

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]
Peter O'Brien

News and updates

Avison Young announces recapitalization transaction and new capital investment, significantly strengthening the company’s financial position

Financial light display at street level 26 February 2024

Company Substantially Enhances Capital Structure through Elimination of Majority of Existing Debt and New Money Investment

TORONTO, CA – Avison Young (the “Company”), a leading global commercial real estate services company, today announced that it has agreed to a comprehensive deleveraging transaction (the “Transaction”) with its current financial partners that positions Avison Young for the future. Through the Transaction, Avison Young has reduced its financial obligations by more than half and has secured additional capital to advance its strategic goals.

“This transaction is an incredibly exciting step forward and positions Avison Young with the financial flexibility to invest in growth and continue to deliver for our clients,” said Mark E. Rose, Chief Executive Officer, Avison Young. “We are proud of the proactive, strategic work we have done to create a more sustainable capital structure and are confident that our Principal-led culture, alongside a stronger balance sheet, will provide us with a distinct advantage as the industry recovers. Our financial partners have been very supportive throughout this process, and we look forward to working with them to create impact and value in the years ahead.”

Avison Young enters into this consensual Transaction with a group representing substantially all of the Company’s existing lenders and capital partners. Through the Transaction, Avison Young has stabilized its financial foundation and secured additional resources to invest in the people and solutions that will improve the Company’s ability to serve its clients and partners well into the future. The Transaction preserves Avison Young’s culture as a Principal-led and owned firm, with Principals and management retaining a significant majority ownership stake in the Company.

As part of the Transaction process, Avison Young entered into an agreement with its lenders through which the Company was not required to make certain payments on its term loan. The Company has made all required payments during this process.

The Transaction is expected to close in March. Following the close of this milestone Transaction, the Company expects its ratings agencies to review its post-Transaction debt structure and issue new ratings reflective of the Company’s stronger financial position.

Advisors
Centerview Partners LLC, Kobre Capital LLC, and Long Castle Advisors, Corp. served as financial advisors, Stikeman Elliott LLP (Canada), McDermott Will & Emery LLP (US), and DLA Piper LLP (US and UK) served as legal advisors, and C Street Advisory Group served as communications advisor to Avison Young.

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:

Andrea Zviedris [email protected], Media Relations – Canada: +1 416.891.7416

Sandra Hill [email protected], Media Relations – United States: +1 281.853.5548

Andrea Klettner [email protected], Media Relations – United Kingdom