Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player


Capital Allowances And R&D Tax Credit Advice

In order to ensure that our clients have access to the most professional and experienced advice in this area, we have formed iTax Capital Recovery with in-house expertise provided by tax professionals whose background is ex 'Big 4'.

iTax Capital Recovery provides a bespoke service ensuring you receive your full entitlement, with the least involvement of your time.  Our fees are only payable on successful claims and are calculated as a small percentage of the allowances/tax credits identified in the following two areas.

 

CAPITAL ALLOWANCES

When owning a commercial property, Capital Allowances are a valuable form of statutoryTax Relief which are often over looked.  It is estimated that 97% of properties remain unclaimed resulting in the majority of UK commercial property owners paying too much tax.  Typical savings range from 20% to 50% but can be as much as 100% of the capital allowances.

Qualifying properties include:

Industrial Properties

Offices

Retail Units

Student Accommodation (purpose built)

Restaurants

Nursing Homes

Furnished Holiday Lets

Laboratories

 

R&D TAX CREDITS

In order to encourage innovation by British companies, R&D Tax Credits were introduced in 2000 as an HMRC incentive to stimulate investment.

Many businesses are unaware of their existance or the potential return they are entitled to.  These rates have significantly increased over recent years in order to incentivise more companies to claim.

Research and development costs may be eligible for up to 125% of tax relief against profits.  Alternatively immediate credit (cash-back) can be claimed.  

 

 

© Copyright 2010 iTax Consulting

Website Design: OS WebDesign