Our aim is to find a clear path through the process to maximise benefits to clients.
Did you know that when you acquire a building, a significant part of the purchase price could be eligible for tax relief via the capital allowances legislation? It is not unusual for us to find that up to 40% could qualify for this relief.
What we do
Within CBRE we have a team of capital allowances specialists who have property, Quantity Surveying and tax backgrounds and we have extensive experience of providing advice to Retail clients during the acquisition and disposal process. We specialise in undertaking fully disclosed and detailed capital allowances reports that can be submitted to Her Majesty’s Revenue & Customs (HMRC), to support your claim for capital allowances purposes and we have an exemplary track record in agreeing claims with HMRC, without having to reduce the level of qualifying expenditure.
How you benefit
Many retailers rely on in- and out-of-house accountants to identify their capital allowances. Following the traditional approach, the Accountant is brought in once the property has been acquired to make an accurate assessment of what elements qualify for capital allowances purposes.
Without the necessary property expertise, they can often struggle to produce accurate cost estimates for buildings and they rely on market comparables when trying to identify the cost of land. This approach can often lead to safe/conservative claim values.
As specialists with expertise in property and tax, we become an integral part of your due diligence team, and we ensure that your capital allowances position is maximised when you are acquiring and it is protected when you are disposing of your property assets.
Our expertise in building costs and land values enables us to secure much higher claims than those of our competitors and we deal directly with HMRC to agree the claim on your behalf.