Expertise
- Capital Allowance Tax
- Capital Allowances
- capital allowances claims
- Capital Gains Tax
- Capital Assets
- Tax Allowances
- tax advice
- tax
- Tax adviser
- Corporation Tax
- Corporate & personal taxation
- Corporation Tax Returns
- plant and machinery
- annual investment allowance
- structures and buildings
- integral features
- HMRC capital allowances
- Due Diligence
- capital contributions
- projects
- Refurbishments
- Purchasing
- Acquisition
- capital expenditure
- quantity surveying
- BTR
- Invest to Rent
- Invest to Sell
- investing
- REIT
- PAIF
- JPUT
- cash savings
- Revenue Analysis
- super deduction
- special rate
- Site Inspections
- accountants
- Survey
- tax liability
Summary
Capital Allowances is a tax relief available when developing, extending, refurbishing or buying property.Maximising the tax relief requires detailed knowledge of the Capital Allowances legislation, experience working with HMRC and an ability to adapt to the specific needs of each individual client, transaction and property.Property owners and investors often underclaim Capital Allowances due to the following:
- Incorrect perception that there are no Capital Allowances available
- Assumption that it has been addressed by accountant
- Failure to structure the capital contributions and grants
- Perception there is a time restriction to review historic expenditure
- Residential schemes such as BTR ignored for Capital Allowances
- Missed cash-saving opportunities on properties with non-taxpaying tenants or vacant spaces
Experience
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Veritas Advisory Limited
Associate Director
6 - 20 Employees 2020 - Current
It is my job to service existing clients and liaise with UK tax paying entities that require capital allowances valuations with the sole intention of substantially decreasing their corporation tax liability. This is a specialist field and should not be assumed that relevant accountants have maximised the clients entitlement to claim the tax relief as some do not review expenditure for these purposes or significantly underclaim with the direct result of overpaying corporation tax.
With the current planned increases in corporation tax and businesses feeling the squeeze more than ever because of COVID, it has never been more important to make certain clients have claimed or maximised their claims for capital allowances tax relief on their acquisitions, disposals, fit outs, refurbishments or developments. This is something I am truly passionate about as capital allowances ultimately increases cash flow and, with this being the life blood of any business, it can mean the difference between success or failure for our UK tax paying entities and the overall health of UK business.
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CBRE
Associate Director
100+ Employees 2014 - 2020I worked within CBRE within the capital allowances team of CBRE where I look after the client base mostly in the North of England. This includes liaising with all departments within CBRE and offer the service internally as well as looking for opportunities in the property market as a whole. The claims completed cover both capital expenditure and purchase claims taken through from due diligence to client reporting and feedback. Explaining and implementing new legislation introduced in April 2014 has been a significant part of my work in order to ensure clients fully maximise the tax relief they are entitled to.
Education History
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Construction management
Liverpool John Moores University
2008 - 2010Result: 1st class honours
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Water, Energy and Environment
Liverpool John Moores University
2010 - 2011Result: 1st Class
Clubs and Associations
RICS Accreditation - Member of the RICS
PAI - Independent Commercial Property Agents - PAI is a network of individual commercial surveying practices spread throughout the United Kingdom, offering local advice to a broad range of clients
