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Valuation & Advisory

Capital Allowances in the Cayman Islands

The relief is in the detail of the building. Somebody has to measure it.

What this service is

Capital allowances consultancy identifies the expenditure within a property purchase, construction or refurbishment that qualifies for tax relief, and evidences it to the standard a tax authority requires. Nautic carries out the surveying and cost analysis behind a claim: inspecting the asset, measuring and apportioning the expenditure, and producing the detailed schedule your tax adviser relies on.

A capital allowances claim is a construction cost exercise before it is a tax exercise. The qualifying items are embedded in the fabric of the building, services, fit-out, external works, and separating them credibly requires measurement, cost analysis and an evidenced apportionment. That is surveying work, and it is where claims succeed or fail.

What we deliver

Scope of capital allowances work.

  • 01

    Acquisition apportionment

    Apportioning a purchase price across land, buildings and qualifying plant on a measured basis.

  • 02

    New build and refurbishment analysis

    Cost analysis of construction expenditure to isolate qualifying items.

  • 03

    Site survey and asset identification

    Physical inspection and recording of the plant and machinery actually present.

  • 04

    Detailed claim schedules

    Schedules and supporting evidence in the format your tax adviser and the authority expect.

  • 05

    Historic expenditure reviews

    Review of past projects where qualifying expenditure may not have been identified.

  • 06

    Adviser coordination

    Working alongside your accountant or tax counsel, who lead on the tax position itself.

Working with Nautic

How an instruction runs.

  • Brief and fee. A short conversation about the property and the purpose, followed by a written fee proposal with the scope and basis of appointment stated plainly.
  • Inspection and information. We attend the property and gather the drawings, contracts, policies or accounts the instruction needs.
  • Analysis. Measurement, costing and evidence gathering, the part that decides whether the conclusion holds up under scrutiny.
  • Report. A clear document with the conclusion at the front, the reasoning behind it, and the assumptions declared.
  • Follow-through. We remain available to explain, defend and act on the advice, to a lender, an insurer, a board or a tribunal.

Related experience

Projects our team has worked on.

Team experience

George Town · Cayman Islands

Downtown Reach, Phase 2B

Phase 2B of the Downtown Reach residential scheme in George Town, comprising 14 units, fully leased following completion.

Size 14 units
Team experience

Skerries, County Dublin · Ireland

Loughshinny Nursing Home

A €13 million, 123-bed nursing home on a 4.5-hectare site in Skerries, County Dublin, completed in 2019.

Year 2019Value €13 millionSize 123 beds

Projects marked “team experience” were delivered by members of the Nautic team while working at previous firms and were delivered at previous firms.

FAQ

Capital Allowances, questions we are asked

Do you give tax advice?

No. We are chartered surveyors, not tax advisers. We provide the survey, measurement, cost analysis and evidence; your accountant or tax counsel determines and files the tax position.

Which properties are worth reviewing?

Any significant acquisition, construction or refurbishment, particularly where services-heavy uses are involved, hospitality, healthcare, offices and retail typically hold more qualifying expenditure than plain warehousing.

Can historic expenditure still be reviewed?

Often yes, depending on the jurisdiction and the rules that apply. We can carry out the survey and analysis; your tax adviser will confirm what remains claimable.

Get in touch

Need capital allowances in Cayman?

A valuation, a claim that needs adjusting, a project that needs costing, or a strata that needs running properly. Start with a conversation, quotes are free.