A little about AfiliaAfilia Capital Allowances is a well-established consultancy, founded by David Rees BSc FRICS, and advising on tax reliefs on commercial property - with a reputation going back to Crosher & James in the 1990's and Davis Langdon post-2000. Each of our team has over twenty years experience in Capital Allowances.
We offer a broad spectrum of knowledge across the sectors of the economy from hotels to headquarter offices, and car dealerships to care homes. Over many years we have been key advisers in primary care - working on over 100 surgery development and improvement projects. Whether your role in commercial property is investor, owner, occupier, or adviser - then optimal returns are essential. Capital Allowances offer significant bottom-line savings, particularly for refurbishment and upgrade programmes. Our role is to assist you in ensuring tax relief is part of your property agenda. With the experience of over £500m in claims for allowances we have the expertise to help you maintain a tax-friendly approach. Pre-planning the available reliefs can improve deliverability, enable a better specification on the same budget, and help achieve sustainability targets. Autumn 2023 - new headline briefings for property professionals Click on the following links for an outline two page review on key issues to be aware of:- - Accountant - Architects and Project Managers - Commercial Property Surveyors - Solicitors The 2023 Budget - Full Expensing and the 50% First Year Allowance Click here for our briefing on the new measures and their value to corporate taxpayers. GP Surgeries and Capital Allowances 2023 updated briefing on the value of these tax savings for GP practices on new-builds or refurbishments is available here. Minimum Energy Efficiency Standards The government's 2019 Energy White Paper contained proposals to amend the existing MEES Regulations which are expected to include changes to the minimum thresholds - rising from Energy Performance Certificate level 'E' to 'C' in 2027 and to 'B' by 2030. Our briefing on the impact of the new standards is here. We have also prepared a separate one for GP surgery premises here. Energy & Tax Relief Performance Commercial property is facing a growing challenge of spiralling energy costs, and in time, pressure from Minimum Energy Efficiency Standards. Pre-planning improvements to optimise EPC's, running costs, and tax reliefs seems obvious but is a strategy that is frequently overlooked. Our new guide on combining these aims is available here. Business premises - beyond the pandemic Much is being talked about in the context of increased home-working by employees and the need for smaller office footprints and more hot-desking. Nevertheless in many instances there may be a need for considerable adaptation to existing premises to accommodate new more socially-distanced working practices. Utilising tax relief at the planning stage will help reduce capital requirements and achieve the best specifications. Click here to read more. Other news Will the new Towns Fund create the growth conditions in 100 towns and cities that will create the opportunity for upgrading tired commercial property assets and contribute to the zero carbon journey - click here to read the article. 'Capital Allowances and the UK's zero carbon target' - a new paper considers the use of EPCs and accelerated plant & machinery allowances to replace the outgoing Enhanced Capital Allowances system - click here to read. Property purchase claims changed dramatically in 2012 but have not gone away altogether and can still be valuable opportunities. Click here for our update guide. |