Tax incentives on property investment

During the last two decades, we have seen first-hand the many changes that have impacted the UK commercial property sector.  However, one thing has remained constant – the need to maximise value and minimise risk on every property transaction and capital expenditure project.

Capital allowances on property investment

Investors are continuing to identify opportunities to improve margins and maximise returns. Capital allowances can play a significant role in this value engineering.

Capital allowances have traditionally been seen as part of end-of-year accounting, but the earlier you engage a specialist advisor in a property purchase or capital expenditure project, the greater the opportunities there are for significantly enhancing the overall value.

Typical qualifying expenditure for wear and tear allowances in Ireland
Typical qualifying expenditure for wear and tear allowances in Ireland

 

How we help

We have a solid track record of working with entrepreneurial investors to unlock the significant cash tax savings available and provide commercially articulate advice throughout the lifecycle of a property investment.

Our team has worked with every type of investor, from offshore unit trusts and private individuals to REITs and traditional PropCos on most types of commercial property transactions. In all cases, our advice is always straightforward, pragmatic and timely, especially in areas such as:

  • Pre-acquisition due diligence for investors and their lawyers, including forensic research into prior claims
  • Purchase apportionment valuations for commercial property acquisitions
  • Advice on the sale of property for investors and lawyers to ensure future tax relief is not surrendered
  • Tax efficient design services for new developments, extensions or renovation projects
  • Practical advice and contract clauses for lease incentives and capital contributions

Our approach is to identify and maximise the fiscal incentives available on acquisition, redevelopment, refurbishment and disposal. The result is improved cash flow and mitigation of future tax liabilities, often leading to the repayment of overpaid tax.

Why investors choose us

Even in situations where a valuation has been prepared on historical expenditure, in many cases with our specialist knowledge we have been able to identify additional value that can be claimed retrospectively.

By combining property surveying, valuation and tax disciplines, underpinned by the wider Gateley property legal practice, we can add significant value at every stage and offer a truly unique service to the commercial property investment sector.

Capital allowances

Whether you acquire and manage commercial properties, develop new schemes or lease and improve, capital allowances are becoming a key tax planning consideration for any investment strategy.

Find out more

Real Estate Advisory Services

Assembling the range of expertise you need for a fast moving property investment or development project can be time-consuming and difficult to achieve. Our Real Estate Advisory Services team can project manage this in-house.

Find out more

Wear and tear allowances

Wear and tear allowances (WTAs) are the most common form of capital allowances in the Republic of Ireland and are available where expenditure is incurred on plant and machinery within commercial and rented residential property.

Find out more

Tax incentives for property development

Developers who take advantage of the full array of available fiscal incentives often see a marked improvement in cash flow, in turn improving margins and mitigating financial risk.

Find out more

Tax incentives on fit-out and refurbishment

Owning the freehold is not necessary to claim capital allowances. As a tenant or occupier, you will incur expenditure on a fit-out and refurbishment and as much as 90% of the total expenditure could qualify for tax relief.

Find out more

Speak to a specialist...

Aubrey Calderwood

Director

Specialisms:

  • Technical application of fiscal incentives legislation for complex transactions and investment projects
  • Tax incentives for regeneration and sustainability developments
  • Major construction and development projects

+44 (0) 28 9026 9910

View profile

Kevin Meyer

Director

Specialisms:

  • Multi-site owner and occupier portfolio analysis and statistical agreements
  • Sports stadium construction and redevelopment
  • International tax depreciation and cost segregation analysis

+44 (0) 121 212 7739

View profile

Chris Bird

Business Development Manager

Specialisms:

  • Enquiry management
  • Relationship management
  • New client development

+44 (0) 121 234 0271

View profile

Contact us

Whether it’s a current investment project or you would like to discuss a historical review of expenditure, we can help.

Contact us