Capital Projects

On any new build construction project, or on the refurbishment of an existing property, the ultimate level of tax relief available in respect of the expenditure incurred can be dramatically affected by giving active consideration to a number of issues before, during and after construction.

Accountants usually consider tax allowances on construction expenditure when they come to prepare year-end tax computations.  Unfortunately, this is much too late and is long after the opportunity has passed to influence any design decisions that will lead to increased levels of tax relief. It is necessary to implement an effective tax allowance maximisation strategy which is dependent on the nature of the project under consideration, whether new build or refurbishment.

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