Ireland

Capital allowances methodology 

KPMG’s capital allowances group has successfully prepared, negotiated and settled capital allowances claims for all types of property investments for a wide cross-section of clients. Our extensive experience has enabled us to develop a tried and tested methodology for preparing fair and complaint claims.

 

Our dedicated team consists of full-time chartered quantity surveyors and tax professionals, who work solely on preparing tax depreciation / capital allowances claims for our clients.

 

Our claims are prepared in line with Revenue practice, precedents and the principles established from case law. As a result of our extensive Revenue experience, we would be confident that the positions adopted in our analyses would stand up to Revenue scrutiny.

 

Our team will undertake the following actions to prepare your claim:

Entitlement review We will determine whether an entitlement to claim exists. This may involve a review of a purchase contract or development agreement and other supporting documentation such as the lease agreement, as necessary.
Collation of construction cost information and finance information We will liaise with the project design team, estate agents or clients' finance team to obtain the necessary construction cost information and finance information required. 
Where there is no cost information available, our in-house quantity surveyors will prepare an estimate of the likely apportionment of expenditure incurred. 
Site visit We will carry out a site visit, as necessary. 
Analysis of capital expenditure We will carry out a detailed analysis of the total capital expenditure incurred to identify the maximum amount of qualifying expenditure. 
Detailed preparation of report We will prepare a detailed, standalone report to support the claim. 
Audit preparation and support We will negotiate the claim with Revenue, where required.