Think Assets was engaged by a large Manchester based corporate developing a new head office for the Group. Our role was to ensure that the construction process was tax efficient and that the firms desire to make the building as “green” as possible was assisted with tax incentives available under the enhanced capital allowance regime.
At the outset of the construction stage we carried out reviews of the design for tax efficiency and worked closely with the Architects to make certain changes that would enable the client a more favorable tax treatment and lower post tax cost.
Think Assets also spent time at the outset ensuring that the project team understood what information would be required, when and in what format to enable the group to claim tax reliefs over the course of the development. Furthermore, we assisted the client’s accountants to prepare provisional estimates for the project as the development was spread over a number of year-ends.
The result of our work was that the client achieved an environmentally friendly building and secured all of the fiscal incentives available for doing so.