Property Acquisitions - Maximising Property Tax Relief
At Ċavetta Consulting, we can ensure when purchasing any property your tax position is maximised. We do this by providing you with not only capital allowances valuations services but services relating to due diligence and entitlement reviews.
Traditionally, consideration of capital allowances was often left until after the purchase of a commercial property. Indeed, before 2012 in some instances, it was better not to raise the subject of capital allowances at all. If the contract was silent on the matter, it could be a significant advantage to the purchaser.
However, since the changes to the capital allowances legislation in 2012, establishing entitlement to capital allowances in a commercial property transaction before completion has become far more important. If your purchase contract does not deal with capital allowances, the tax savings can be lost if the “pooling requirement” and “fixed value requirements” are not complied with.