Kapital Property (Consulting) offers a range of services that are tailored specifically to the individual needs of our property clients and below are samples of some of these services.
We offer a no-commitment consultation service regardless of our client's eventual needs that will establish how we can assist in maximizing available tax relief.
Capital Allowances
Capital allowances are available to tax payers holding property as investment stock, incurring expenditure on either the acquisition of an existing building or construction/refurbishment projects. However, developers unable to claim tax relief may be able to use capital allowances as a negotiation tool with potential purchasers. Tax relief may be available to the purchaser; hence a higher purchase price may be negotiated as tax breaks unavailable to the trading developer may be passed on to the purchaser.
Property Portfolio and Historical Claim Audit
A complete examination of a clients existing property portfolio, with a view to ensuring that all available relief has been claimed and maximised . We examine any properties upon which claims have been made to ensure they have been maximised , & undertake an historical audit to ensure property transactions have been examined and correctly advised upon. Any shortfalls in potential claims, or properties previously missed are then examined on a case by case basis to ensure the entire portfolio is as tax efficient as possible.
Development Analysis
Our experience includes large industrial developments, multi-storey office complexes, specialist computer facilities, office and industrial fit-out schemes, retail parks and developments, airport facilities, distribution centres , hotels, university residences, motor dealerships, healthcare schemes, residential schemes & banking facilities.
Property Transaction Advice
Kapital Property (Consulting) can also provide valuable advice when clients are buying or selling buildings and assets. Negotiations and elections between parties are a crucial part of the process, and through consultancy advice, clients can minimise their liability to tax.
Capital Allowances Sample Analysis
To agree a basis with the HMR&C for all property expenditure incurred, to produce a statistically valid sample to produce the capital allowances claim, and to then negotiate and agree that percentage with the HMR&C.
Planning and Design Audits
We can assist and advise on the best design options to ensure that any specialist allowances such as Enhanced Capital Allowances for ‘green technology' can be included without detriment to cost, yet substantially improving the Capital Allowance claims.
Land Remediation Relief (LRR)
Land Remediation Relief is available to companies incurring expenditure on the remediation of land, including buildings thereon, that is acquired in a contaminated state. Thus tax relief may be available for both contamination problems in the ground, or in the buildings on that land, such as asbestos. This is a valuable source of tax relief designed to assist in the re-development of contaminated brown-field sites.
Tax relief may be as high as 150% of the eligible costs, or if a company is loss making then a tax credit from HMR&C may be available.
This valuable form of tax relief has been extended in certain qualifying cases to Japanese Knotweed treatment and the remediation of long term derelict land.
