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 UK appoints Chris Wright as head of sustainability and decarbonisation

James Porter and Chris Wright together at a construction site 30 September 2024

James Porter, Chief Client Officer, and Chris Wright, Head of Sustainability and Decarbonisation, at Salisbury Square in the City of London © Kate Smyth.

Global real estate firm Avison Young today announces the appointment of Chris Wright as its new Head of Sustainability and Decarbonisation. Wright joins from Tesco, where he led the Energy and Engineering teams across the UK, Ireland and Central Europe.

With over a decade of experience in engineering delivery, Wright specialised in Engineering Design, Automation, Engineering Project Delivery, Building Surveying and Structural Engineering at Tesco. Across these categories his approach has always been to innovate and find cost effective, scalable solutions to problems.

In his role as Head of Energy and Engineering, Wright led a number of initiatives to reduce the Group’s carbon emissions, including increasing the use of on-site renewables, beginning the transition to decarbonised heat, transitioning to lower carbon building materials, and building the infrastructure for a net zero future.

At Avison Young, Wright’s responsibilities will include leading the firm's sustainability strategy and supporting clients in their transition to a low-carbon future, taking an output-oriented approach to help clients deliver cost effective solutions to their sustainability and decarbonisation challenges.

James Porter, Chief Client Officer, Avison Young UK, said: “I’m absolutely delighted to welcome Chris to the team. He is a market leader in his field, with his results driven work at Tesco recognised as the best in class. Chris’s in-depth knowledge of the energy and engineering sector, extensive client experience and proven track record of leading high-performing teams, will play a crucial part in driving these services forward for our clients. His appointment is further evidence of Avison Young’s ability to attract top talent.

“Environmental impact and sustainability practices are being increasingly demanded by today’s occupiers and businesses. We are grounded in our belief of the positive social impact real estate can make in people’s lives and we will continue to work with our clients to improve the sustainability and resilience of commercial property, economies and communities.”

Chris Wright, Head of Sustainability and Decarbonisation, Avison Young UK, said: “Joining the team at Avison Young at such a critical moment is very exciting. I was attracted not just by the company’s reputation in the market, but the culture of a can-do attitude where adding value to clients is put front and centre. Overlaying this with their ambitions for growth makes this an incredibly exciting time to join, and I feel I can play an integral part in this journey.”