Client Type: Property Fund

£15m high specification office development by property fund. Provided early pre-tender advice and applied quantity surveying assessments to extract qualifying expenditure. Identified additional capital allowances of £6.5m (43%).

Leisure

Hotel Acquisition - Pooling Claim

Pooling claim prepared for £5m Turnkey hotel development on behalf of Property Fund. Early pre-acquisition advice provided to ensure 'Pooling Wording' is included within purchase contract to protect Buyers position. Liaised with Sellers project, finance and legal team. Prepared pooling claim for £2.6m (52%) and associated CAA 2001 s198 election to pass 100% of benefit […]

Office

Office Acquisition

£200m acquisition by property fund. Capital Allowances restricted by historical capital allowances election Carried out detailed survey of property and identified unusual qualifying expenditure which is often missed. Claimed additional capital allowances of £30m (15%).

Residential

£40m Private Rented Sector development of 211 units by property fund. Early specialist involvement with project team enabled all detailed cost information to be gathered and in depth understanding of project for capital allowances purposes. £8.4m (21%) of capital allowances identified across two phases.

Office

Landlord Capital Contribution

£6m Capital Contribution paid towards tenant office fit out project. Provided early advice to landlord regarding specific wording within Agreement for Lease. Landlord was able to claim capital allowances on 100% of the contribution paid.

Office

Office Fit Out

£20m CAT A fit out and refurbishment. Provided pre-tender advice to project team to help maximise capital allowances position for the landlord. Detailed capital allowances survey confirmed that raised access floor and suspended ceiling £16m (80%) Capital Allowances identified.

Residential Student Accommodation

Student Accommodation

£40m acquisition, capital allowances restricted by £2 election with former owner. Early pre-transaction advice to ensure 'Pooling' wording included within documentation. Detailed review and survey undertaken. Additional capital allowances of £8m identified

Our services

Preparation of capital allowances reports

We prepare fully disclosed capital allowances reports for both property acquisitions and enhancement projects.

Strategic advice

We provide strategic advice throughout the property cycle including s198 elections, contributions and land remediation relief.

Due diligence

We liaise with the client and their advisors to ensure that the capital allowances position is protected during the acquisition, disposal and leasing of property.

Initial reviews

We offer a free initial review to establish if a capital allowances opportunity exists. This review is carried out with minimal time and disruption to the client.

Negotiation with the tax authorities

We apply an enquiry mitigation strategy to all of our client work. Our experience and extensive knowledge of tax legislation and case law enables us to assist with potential HMRC enquiries.

See our full range of services

What our clients say

David and the team are very efficient, proactive and always available to assist

Ines Ramirez, Finance Director, Pontegadea

Any apprehension of switching business to Colne were quickly put aside with David's personal and fresh approach to the world of capital allowances.

Hitesh Patel, Group Financial Controller, Barwood Capital

"Colne Capital Allowances provided us with a professional strategic approach"

Paul Crosbie, Fund Manager, M&G

'They consistently deliver a high quality service combined with a personable and professional approach'

Chris Warren, Managing Director - Fund Services, Patrizia

I have always been impressed by their attention to detail, understanding of complex tax legislation and willingness to help

William Munden, Head of Finance, LBS Properties

Their client service is exceptional, always very reactive and responsive

James Deane, Finance Director, Chancerygate

David and his team are efficient and highly responsive

Martin Bramhill, Group Tax Manager, Helical

David has enabled clients to claim all capital allowances they are due

Andrew Noton, Partner - Lubbock Fine

they continue to impress with their professionalism, expertise and timeliness

Michael Hughes, Managing Director - Whirledge & Nott

"The process was seamless and the results outstanding."

David Butcher, Upham Pub Group

"We find their charges very acceptable, and the success rate on our cases has been 100%"

Martin Waller, Investra Capital & Pelham Associates

The relationship gives me peace of mind, support in abundance and a 'can do' attitude

Gill Kreft, Pendine Park Care Organisation

Expert industry insight

Budget 2023 (15th March 2023)

Full Expensing and 50% FYA

Mini-Budget 'The Growth Plan 2022'

Capital Allowances Changes - Growth Plan 2022

Budget 2021 (27th October)Annual Investment Allowance (AIA) – Extension of £1m AIA- 31st March 2023

Is 2021/2022 the best time to carry out qualifying expenditure

Get in touch

If you would like to discuss our services in more detail or would be interested in a free initial review please contact us

Contact Us Sunset overlooking a lake with reeds

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London Office
20-22 Wenlock Road
London
N1 7GU

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London Office 0203 603 5250

Colchester Office 01206 820077

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info@colne-ca.com

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Colchester Office
2 Bawley House
Walter Radcliffe Road
Wivenhoe
Colchester
Essex
CO7 9FG

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