Due Diligence

The capital allowances position in respect of property transactions has shifted considerably in recent years, with major legislative changes in 2008, 2012, 2014 and 2018. It is now vitally important to address capital allowances at the time of a property transaction or risk losing the tax relief completely.

Our partners have considerable experience in the capital allowances issues that need to be tackled during the transaction process, in order to safeguard the tax relief. In addition to this, they have been consulted by H.M. Revenue & Customs on the practical application of historic and proposed legislative changes.

Tax risk often represents one of the greater risks with regards to capital allowances and tax depreciation. Yewell can manage this risk for you as part of a separate Due Diligence exercise or in conjunction with your overall tax strategy.

Our role is to identify variations or misinterpretation of the tax law and to provide advice and guidance on how best to manage the situation and therefore reduce the risk of H. M. Revenue and Customs enquiry. The Due Diligence process will also provide an insight into your total tax position and provide an analysis of the available strategies to optimise your position.​