In this final instalment of our four-part series, we share our tips on how to protect your capital allowances. How do you protect your capital allowances position? In last week’s blog we demonstrated that without fully investigating a property acquisition, a potentially significant cash benefit could be missed and remain, with the legislation as it … ContinueRead more
As one of the most experienced fiscal incentive specialists in the UK, we have helped generate in excess of £1bn of additional tax savings on behalf of our clients.
Here we provide case studies of some of our most prestigious and high-value engagements and present insightful analysis and commentary across a variety of topics.
Case study – Historical review of enhanced capital allowances
Review and analysis of data centre operator's historical capital allowances. Total expenditure: £27m Total plant and machinery allowances - £23.2m Total tax saving @ 20%: £4.64m
Stimulating growth in the Northern Ireland economy – investors shouldn’t overlook existing tax incentives
Director Aubrey Calderwood writes in Insider Ireland’s Business Matters, that those contemplating investing in Northern Ireland should not overlook the tax reliefs that already exist in the country. Aubrey outlines that with Northern Ireland having the slowest growing economy in the UK, with one per cent growth so far this year, a non-functioning devolved Assembly, … ContinueRead more
In the first instalment of our four-part series, we outlined why commercial property investors must incorporate all available tax reliefs from the beginning of a purchase in order to unlock the maximum value of a transaction. In this blog we put the theory into practice to highlight why this is so important. Why due diligence … ContinueRead more
The HoT is a document that sets out the terms of negotiation at the start of a property transaction. A commercial property agent working on behalf of the seller will usually prepare this, which covers various details about the property, including the tax considerations of which capital allowances are a part. This document will generally … ContinueRead more
The importance of capital allowances can sometimes be overlooked, particularly when set against the more pressing business of getting a deal over the line. However, it is possible for property investors to work on a transaction while at the same time considering the potential value of capital allowances, without losing sight of the end goal. … ContinueRead more
This quarter’s edition of Accountancy Plus magazine from the Certified Public Accountants of Ireland features senior consultant, Phil O’Connor, who explains the complex area of tax law that is capital allowances on property spend. He elaborates: “Capital allowances claims for property expenditure range from the simple to the extremely complex. Where claims are carefully prepared, … ContinueRead more
Appearing in Insider Ireland, senior consultant, Phil O’Connor, outlines the strict time limits that apply to making capital allowances claims, how to apply and where there are exceptions to the rules. He explains that the rules state a taxpayer is only entitled “upon making a claim to the inspector within 24 months after the end of … ContinueRead more
Overseas residents are visiting the UK in ever increasing numbers according to the Office of National Statistics, which is putting pressure on UK towns and cities to provide enough accommodation. As a way to address this, investors and developers have been looking for new ways to bring hotel products to market and we’ve seen an … ContinueRead more
HMRC is set to refuse a claim for R&D tax credit relief, six years after originally opening an enquiry in February 2012. The claimant company, Hadee Engineering Co Limited, is likely to lose out on a previously claimed tax refund of over £85,000. The First Tier Tribunal case is unusual in that the enquiry was … ContinueRead more
Head of R&D Tax Incentives, Peter Jelfs, has explored the Republic of Ireland’s attractive Research & Development tax credit scheme in this month’s Insider Ireland. He explains how, despite the number of successful R&D claims increasing in the past few years, there are still organisations that are undertaking qualifying activity that are not claiming. Since … ContinueRead more