As one of the most highly taxed areas of the economy, property developments and investments require careful attention in order to navigate the numerous potential taxes and reliefs.
Capital expenditure on property is one of the most significant costs faced by a business. Fiscal investment incentives can help offset those costs, but this is a complex and detailed area of tax. Missteps or errors here could have a long-term impact on the amount of tax relief available – in a worst-case scenario even resulting in valuable tax relief being lost for all time.
Improved awareness of the impact of land use on the environment has led to shifting standards in property development and construction. This can lead to additional decontamination and remediation costs when regenerating brownfield land or redeveloping existing properties.
Transacting in land and property requires careful structuring to determine the optimal tax outcome for investors, whether it be for short-term gain or longer-term yield and capital growth.
Our specialists understand the construction industry and take a holistic view to ensure the relevant and valuable tax reliefs such as Capital Allowances, Land Remediation Relief, Research & Development Tax Relief and the various Stamp Duty Land Tax Reliefs are all considered and utilised, wherever possible.
In addition, we will always take the time to consider and recommend the optimal tax structure to acquire, develop and either sell or hold your land and property investments, minimising tax on sale and profit extraction.
Transaction and deal structuring and support
Financial modelling and forecasts
Due diligence support
Review of historic acquisitions and disposals, including s198 election advice
Historical review of investment properties and portfolios for ‘missed’ allowances
Tax efficient construction project design advice
Full expenditure analysis and valuation report for new builds and refurbishment works
Correspondence and negotiation with HMRC and the Valuation Office
Annual Investment Allowance
Plant and Machinery Allowances
Structures and Buildings Allowances
Capitalised revenue expenditure
Integral Features Allowances
R&D Tax Relief
Land Remediation Relief
Derelict Land Relief
Special Rate Allowances
Enhanced Capital Allowances
Stamp duty and stamp duty land tax (SDLT)
I am dual-qualified as a Chartered Surveyor and a member of the Association of Taxation Technicians. I have over twenty years’ experience in providing advice on capital allowances and other investment incentives and reliefs, to clients in all sectors and ranging in scale from owner-managed businesses to multinational and listed groups.
The tax advice we receive from Claritas was invaluable. They fully understood our business, and consistently demonstrated an ability to rapidly provide relevant, practical and timely information and advice. We regard Claritas as a trusted adviser in all of our commercial transactions.
– Kathy Sampson, Solid Solutions
To find out more about what we do, please get in touch.