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 appointed as Liverpool City Council’s Strategic Property Partner

Aerial image of Liverpool's skyline 17 May 2024

Avison Young has been selected by Liverpool City Council as its Strategic Property Partner, to support the authority to drive forward the development of a city-wide property portfolio.

Avison Young has had a strong presence in the Liverpool City Region for many years, advising on significant developments and regeneration projects, including The Strand in Bootle, Liverpool and Wirral Waters and the landmark Lewis’s Building and Littlewoods Project. This appointment highlights our strengths as a business, including our considerable strategic and market-led expertise and the power of our combined local knowledge and global vision.

Through this partnership, we will be supporting Liverpool City Council to deliver ambitious plans for further investment in, and improvements to, its buildings and spaces, creating a fit-for-purpose and modernised property portfolio that creates real value for people and communities across the city and wider region.

The news follows the recent announcement that Liverpool City Council’s commissioner-led intervention will end in June 2024, with Government Commissioners confirming to the Secretary of State that the Council is a “well-governed, improving organisation, with ambitious leaders committed to long-term change.”

Avison Young’s appointment as Strategic Property Partner will see us providing strategic property services to Liverpool City Council for a period of three years. As a trusted advisor firmly embedded in Liverpool’s culture and economy, we will support accelerating the growth of the city, working with the Council to advocate for its long-term success.

The remit of our work will include asset management, advisory on disposals, and delivering resources and technical expertise, including providing the Council with four senior chartered surveyors to support with valuation and property management activities. We will also support the development of the Council’s workplace strategy and corporate landlord model.

Stephen Cowperthwaite, Regional Managing Director for Liverpool and Managing Director of UK Regions at Avison Young UK, said:

“This nationally significant appointment reflects the quality and depth of Avison Young’s knowledge across our regional and national teams. This, coupled with the ambition of the leadership and Council teams, will create a step change in realising the opportunities for long-term sustainable and inclusive growth that benefits communities and attracts investment.

“Our team are experts in their fields, with experience working on many of the city’s flagship regeneration projects. We know the importance of local authorities delivering for their communities, and we’re well placed to support the strategic objectives of the Council going forward, bringing the city’s ambitions into the future.”

Councillor Nick Small, Cabinet Member for Growth and Economy at Liverpool City Council, added:

“The appointment of a team with exceptional knowledge of Liverpool, its people, its communities and its strengths, paired with national expertise and an international outlook, will help Liverpool City Council to develop and deliver plans that unlock an ambitious and exciting future for the city at this critical juncture.

“This partnership will better enable us to deliver for communities, strengthen our proposition as a city, and collaborate with partners to drive forward improvements to enable growth. We look forward to working in partnership with Avison Young, engaging collaboratively in stakeholder engagement to shape planning and policy that drives forward positive change at pace.”

A contractual period will commence shortly. We are looking forward to moving these crucial activities forward for the city – realising the ambitions of the Council, accelerating property service improvements, and helping to drive the pace of regeneration.