Development schemes bring together design, procurement, construction and, ultimately, letting or sale. Capital allowances touch each of those stages.
Design and specification
Decisions taken at design stage influence the eventual capital allowances position. Early input does not mean changing the design to suit tax; it means understanding the consequences of the choices being made.
Procurement and cost information
How a scheme is procured affects the form in which cost information is available. Establishing what will be needed at the outset makes the eventual analysis considerably more straightforward.
Exit
Whether the completed scheme is retained, let or sold, the capital allowances position forms part of the overall outcome. Documenting it as the project progresses avoids reconstruction later.
Good records made during a project are worth far more than a reconstruction attempted years afterwards.
