First step in firm’s strategy of acquiring specialist consultancies
"Tens of billions of pounds in Capital Allowances go unclaimed" says firm
Commercial law firm EMW has supported the acquisition of property tax consultancy STax as the firm diversifies by acquiring specialist consulting firms.
STax provides market leading Capital Allowances claims advice for property developers and investors, helping them to maximise returns from what can be a very substantial tax relief. The firm is headquartered in Brighton and also has offices in London, Edinburgh and Plymouth.
The acquisition will build on EMW’s well-established expertise in property law by offering clients additional surveying, tax advice and claims handling on Capital Allowances claims.
EMW states the acquisition of STax is the first step in its plan to transform the firm by adding complementary services that align with the work of the firm’s core legal practice.
Purchasers and sellers of both commercial and major residential developments can often benefit by making much larger Capital Allowances claims. STax states that tens of billions of pounds have gone unclaimed due to the complex and low-profile nature of the relief. STax employs 20 staff members.
Andrew Stanley, Managing Director at STax, says: “STax joining the EMW family is an exciting new chapter in STax’s story. EMW are a great cultural fit and open up many doors for us to serve both of our respective clients’ requirements more effectively.”
Ian Morris, Principle at EMW Law, states “EMW will be investing most heavily in their legal teams but they see the opportunity to grow other consultancy work alongside law. STax is the clear independent market leader in Capital Allowances advice. Bringing their skills into the EMW family is the best first step in implementing our diversification and growth plan.”
“Capital Allowances claims can act as a very powerful accelerant of returns for property developers and investors, but many miss out simply because their advisers lack the specialist knowledge and experience to identify and deal with claims properly.”
EMW has 29principals, 68 fee-earners and has offices in Gatwick, London and MiltonKeynes.
Its practicecovers corporate (including cross border corporate transactions); banking andfinance (including international financial services); asset based lending;insolvency and restructuring, property, planning and construction; employment;healthcare; technology and commerce (including IP and IT); litigation anddispute resolution.
Clients include Adobe, Arqiva, Barwood Capital, Cognita Schools,Faccenda Foods, Gate Gourmet, Grand Union Housing Association, HSBC, Inter MK(MK Dons), Metro Bank, National Accident Helpline, RBS, Rightmove, RiversideCapital, Rockpool Investments, Santander, Toolstation, and Vax.