Appearing in Insider Ireland, senior consultant Stacey Ferguson outlines why seeing a capital allowances specialist from the beginning of a commercial property transaction is imperative to making sure you don’t miss out on valuable claims. Stacey explains: “It is imperative that appropriate action is taken at the earliest stages of a commercial property transaction to avoid … ContinueRead more
As one of the most experienced fiscal incentive specialists in the UK, we have helped generate in excess of £1bn of additional tax savings on behalf of our clients.
Here we provide case studies of some of our most prestigious and high-value engagements and present insightful analysis and commentary across a variety of topics.
Case study – Historical review of enhanced capital allowances
Review and analysis of data centre operator's historical capital allowances. Total expenditure: £27m Total plant and machinery allowances - £23.2m Total tax saving @ 20%: £4.64m
In this final instalment of our four-part series, we turn to Advance Assurance, which was introduced in 2016 to provide SMEs with the opportunity to guarantee the first three R&D claims they made if “they are in line with what was agreed during the process.” The intention of the scheme was to try and reduce … ContinueRead more
There are two elements that make up a successful and robust claim: a technical narrative and detailed financial calculations. The purpose of which is to demonstrate to HMRC that the project undertaken meets the definition of R&D and includes qualifying costs with supporting evidence. Technical narrative The technical narrative should be written with input from … ContinueRead more
For a project to qualify as R&D it must meet HMRC’s criteria which states that, “a project must constitute an advance in science or technology that’s defined as an improvement in overall knowledge and capability through resolving scientific or technological uncertainty.” How does that definition help a business confidently assert if a project qualifies? Consider … ContinueRead more
Research and Development (R&D), is an activity that up until a few years ago most people would think belongs in a lab, carried out by scientists in white coats. No longer is that the case; more people are beginning to understand that R&D refers to the incremental and continual improvements made to all manner of … ContinueRead more
Accounting depreciation v capital allowances – the results of the Office of Tax Simplification findings
The Office of Tax Simplification (OTS) has published its conclusions on whether the UK should adopt a system of accounting depreciation to simplify the granting of tax relief for tangible fixed asset investment. Should we be sticking with the devil everyone knows – capital allowances? Here, our director Aubrey Calderwood sets out the OTS findings … ContinueRead more
In this month’s Insider Ireland’s Business Matters, senior consultant Phil O’Connor outlines that property owners – and even tenants – that are spending on the refurbishment of properties could be eligible for some valuable tax relief. Phil explains that refurbishment projects which are undertaken at properties that are in use, or are capable of use, … ContinueRead more
In this final instalment of our four-part series, we share our tips on how to protect your capital allowances. How do you protect your capital allowances position? In last week’s blog we demonstrated that without fully investigating a property acquisition, a potentially significant cash benefit could be missed and remain, with the legislation as it … ContinueRead more
Stimulating growth in the Northern Ireland economy – investors shouldn’t overlook existing tax incentives
Director Aubrey Calderwood writes in Insider Ireland’s Business Matters, that those contemplating investing in Northern Ireland should not overlook the tax reliefs that already exist in the country. Aubrey outlines that with Northern Ireland having the slowest growing economy in the UK, with one per cent growth so far this year, a non-functioning devolved Assembly, … ContinueRead more
In the first instalment of our four-part series, we outlined why commercial property investors must incorporate all available tax reliefs from the beginning of a purchase in order to unlock the maximum value of a transaction. In this blog we put the theory into practice to highlight why this is so important. Why due diligence … ContinueRead more