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Governments around the world encourage businesses to invest in research and development as a way of promoting the national economy. The primary incentive used is an R&D tax credit, which rewards firms who invest heavily in forging paths to the future. The research and development tax credit isn’t a novel or unique idea: 29 out…

  HMRC enquires can be time-consuming and costly. Here we share how our property capital allowance claim helped our client draw their enquiry to a close! An individual or a company may experience many or few HMRC enquiry’s during their working life cycle. It’s an experience very few (if any) would welcome and once an enquiry…

Businesses typically claim less than 50% of their capital allowances than they are entitled to every year. Are you missing out on substantial tax savings? Property allowances provide tax relief on necessary expenditure to buy or invest in assets for your business. For example, buying furniture for your holiday let can be allowable. There are…

  Commercial property transactions post-April 2014 are subject to a dramatic change in legislation. Commercial property improvements and transactions pre April 2014 are not affected by this legislation. Property Embedded Capital Allowances (not chattels) should be considered for all commercial property transactions. The legislation stipulates Property Capital Allowances should now be clearly documented creating better transparency. Two…

Research and Development Tax Credits Naturally, you will have a lot of questions when it comes to making a claim, but the most frequent question is likely to be ‘Can I claim?’ R&D Tax Relief is a Government Incentive to encourage companies to invest in R&D activities by claiming relief on qualifying costs. It’s a…

Capital Allowances Explained A Capital Allowance is a taxable benefit against expenditure on Property Plant and Machinery (for the purpose of the trade) that is often overlooked and undervalued by many commercial property owners.  The tax savings from this additional layer embedded within a commercial property is significant and a small example includes lifts, fire escapes,…

Whether you are buying or selling a commercial property, our experts will help by providing you with a legal pack!  Complex Capital Allowance legislation affects commercial property transactions and it’s a subject solicitors and accountants request support. Understanding and applying this legislation is difficult and advisors are exposed to negligence claims and tax savings are lost…

Accelerate your Capital Allowances using Fiscal Property Plan (FPP) One of many tax advantages of a Fiscal Property Plan (FPP) If you are restricted to writing down a small percentage of Capital Allowances each year, an FPP could significantly accelerate the tax relief available.  An FPP takes maximum advantage of statutory tax reliefs and exemptions,…

Before submitting your R&D Tax Credit claim to HMRC… The number of clients preparing their own Research & Development Tax Credit claims is increasing.  It’s for this reason our R&D Proof Reading service is becoming more popular and it’s a great way of engaging an expert for an opinion yet keeping costs to a minimum.…

What is an Enhanced Capital Allowance (ECA) Scheme? The Enhanced Capital Allowance scheme is a Government programme designed to manage climate change and encourage businesses to invest in energy and water saving equipment. The scheme allows businesses to write off 100% of the investment of the energy saving technologies, against the taxable profits in the year…