Current Property Transaction
Buying or selling commercial property is complicated enough without the added stress of taxes. We help buyers or sellers ensure that their interests are protected, and their paperwork is in order, to help them get the most from the transaction. Whether your role in the transaction is as buyer or seller, we work directly with your lawyer and accountant to keep the process as simple and stress-free as possible for all involved.
For buyers:
We maximise the value of the Capital Allowances transferred and identify any scope to claim additional allowances.
For sellers:
We work to either fully retain the Capital Allowances, or present them to the buyer in an appealing way to extract additional value.
We help you get it right, for a fraction of the cost
Getting tax wrong when managing property transactions can be incredibly costly and run into hundreds of thousands of pounds. Our transaction advice and election drafting services are charged on a fixed fee basis, starting at £500 + VAT per property.
When pooling (identifying any additional Capital Allowances overlooked by the seller) or overage (claiming on the property acquisition itself for unrestricted plant items) valuations are required, our fees are charged at a percentage of the additional allowances secured for you.
Our support includes:
Ensuring a secure Agreement in Principle clause is in the Head of Terms for your transaction.
Drafting detailed contract clauses for Sale and Purchase Agreements and drafting tax elections to allow for transfer or retention of Capital Allowances.
Finalising tax elections (CAA 2011 s.198/199 election).
Tribunal advice and assistance for buyers with non-compliant sellers.