Selling Property

Capital allowances on selling property may not seem important but property tax reliefs, still need to be given consideration when a property is being sold. The advice and action to be given and taken, depends on whether the vendor wishes to retain the maximum amount of relief available or to maximise the sale value of the asset, by making the market aware of unclaimed reliefs.

After 31 March 2012, a seller’s role in a commercial property transaction has become more important. Where a seller and buyer have not implemented the correct compliance and documentation, there is a heightened risk, that potentially, all of the capital allowances may be lost. A proactive seller will benefit from having removed a degree of uncertainty from the transaction.

Cavetta Consulting can assist you in this tax minefield when selling your property.

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Photo shows their people at a desk with a laptop discussing a contract. Photo courtesy of Canva Think about capital allowances when selling property.

This advice advice can take a number of forms:

  • helping you retain the benefit of the allowances
  • ensuring that any contributions are dealt with in a proper fashion
  • advising on any additional allowances that may be
  • preparing literature to take to the market to highlight the available reliefs
  • preparing Joint Elections to transfer allowances
  • advising and reviewing contract clauses for capital allowances

For further information on how Cavetta Consulting can advise you on the sale of your property download the attached brochure.

Download Our Capital Allowances Guide to Selling Properties
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