A Manchester based property investor selected Think Assets to undertake a review of the companies historic land and building expenditure. As result of our view we found in excess of £2.1 million in additional capital allowances, saving the investor several hundred thousand pounds in tax.
The review undertaken also enabled the client to assess the accuracy of financial models that had been used to determine the value of potential investments. The fact that tax implications had previously not been fully understood or applied with any meaningful degree of accuracy meant more viable investments had been missed historically.
We worked to improve the accuracy of the models and also to provide the client with a better understanding of the tax incentives that could be available such as business premises renovation allowances, land remediation relief and enhanced capital allowances.
Furthermore we assisted the investor to understand unappreciated risk within the existing portfolio which enabled them to plan divestments and future acquisitions more strategically.