R&D Tax Credits are a very niche part of the UK tax code that could
bring your construction or property company thousands of pounds in tax relief.
Bespoke projects, new building techniques and the introduction of environmentally friendly materials makes research and development activities increasingly important in the property and construction industries.
Some examples of eligible R&D activities include:
Building Restoration Company
An external building restoration company’s latest claim of £68,000 through randd brings their total up to £205,000 in R&D tax credits over the past three years.
A dedicated team offer a full design and consultation service for architects, surveyors and project managers. The company have their own research and development facility which includes a state-of-the-art in-house furnace. This is a calc controlled atmosphere brazing furnace used to braze aluminium.
Research and development is vital for conserving traditional aesthetics whilst complying with the latest building standards and regulations. The company’s proactive R&D programme integrates new materials and manufacturing technologies whilst maintaining traditional and aesthetically pleasing architectural features. Bespoke solutions through intense testing and problem solving require carrying out eligible activities for R&D tax credits.
Bonsers Restoration
“To actually apply R&D tax credits to historic buildings is gobsmacking. You kind of take it for granted that you just get over issues. Every single building has issues and historic ones are even worse.”
Richard Hill | Managing Director at Bonsers Restoration
