Throughout the property lifecycle the potential benefits available
through maximising tax relief on capital expenditure should not be
overlooked. Capital allowances are important to any owner, investor,
occupier or tenant that incurs capital expenditure on property. The
allowances can be off-set against the individual’s or
company’s tax liability and therefore assist in maximising the
value derived from a property transaction and reduce overall costs in
new build, refurbishment / conversion and fit-out construction projects.
P H Warr plc can assist property purchasers as part of their due
diligence by investigating the capital allowances history of the
building and thereby ensure that the transaction value is optimised. In
addition to determining the elements of qualifying expenditure, P H
Warr plc can arrange for the previous taxation calculations to be
reviewed thereby ensuring that detailed advice on the potential gains
that can be achieved, and how they should be negotiated with the Inland
Revenue, is provided.
On new build projects P H Warr plc advocate a value engineering process
at both the early and detailed design stages whereby the proposed
construction method can be thoroughly appraised. In reviewing the
proposed design at the earliest possible opportunity we can ensure that
potential savings are maximised and that the benefits derived from the
allowances are fully considered within the finalised specification.
Refurbishment / conversion and fit-out projects by their very nature
tend to involve a greater level of expenditure on elements which
qualify for capital allowances. In addition, allowances may also be
claimed in relation to remediation costs for contaminated land which in
the continuing drive for urban and Brownfield regeneration can be
significant.
By working together with leading Chartered Accountants, P H Warr plc
can assist in assessing and maximising the qualifying expenditure for
capital allowances and proactively negotiate and agree any entitlement
with the Inland Revenue.
To find out more about our approach and to discuss your Capital Tax Allowances needs please contact:
Throughout the property lifecycle the potential benefits available
through maximising tax relief on capital expenditure should not be
overlooked. Capital allowances are important to any owner, investor,
occupier or tenant that incurs capital expenditure on property. The
allowances can be off-set against the individual’s or
company’s tax liability and therefore assist in maximising the
value derived from a property transaction and reduce overall costs in
new build, refurbishment / conversion and fit-out construction projects.