R&D TAX REFLIEF
Let The Numbers Speak
There are a number of associated costs to consider when looking at an Construction R&D Tax submission:
Innovative Partners engaged with a Construction company based in London. The client was aware of the R&D Tax Relief scheme from contractors they had previously worked with but their accountant didn’t feel their projects were eligible, so they hadn’t submitted before.
On our first conversation it was clear to our expert team that the client had undertaken complex projects that required significant investent as well as development time. On project was a Grade 2 listed property, which meant that many standard construction techniques couldn’t be applied. The goal of the project was to restore some of the historic features of the building whilst also implementing modern services/technology.
The client had to develop new processes using alternative construction materials and methods, as the part of the building was to be transformed into office space so it couldn’t impact on the structural or acoustic performance. With the logistical challenge of getting materials and tools onto the site, the client also had to develop a design that used light weight materials.