Both Capital Allowances and R&D tax credits benefit investors in Business.

Both Capital Allowances and R&D tax credits benefit investors in Business.

Although we only specialise in Capital Allowances as a legal method for property owners to mitigate income tax, or corporation tax, it is always interesting to read about similar business reliefs.

 

Those involved in developing solutions to technical solutions within their business are entitled to claim R&D tax credits also.

The government confirmed that the treasury have given over £1.2Bn for this scheme in 12/13 and are expecting even more in 13/14 & 14/15 onwards.

The figures are based on claims for Research and Development (R&D) tax credits made by companies in Company Tax returns received on or before 30 June 2014 and exclude a small number of large company claims made in a non-standard format.

They are broken down by scheme: SME R&D; Large Company R&D and Vaccines Research Relief. The Large company scheme is split into large companies and SME subcontractors.

 

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/344496/RD3.pdf

R&Dtable

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