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Chartered Accountants Specialising in R&D Funding
R&D Tax Credits in the Architecture, Property & Construction sector
Whenever anyone talks about research and development (R&D), the usual industries spring to mind including pharmaceuticals, software and engineering. It may come as a surprise to learn that companies involved in Architecture, Construction and Property also have the potential to claim.
Could you qualify for R&D Tax Credits in this sector?
Qualifying Examples of R&D Tax Credits in the architecture, construction and property sector
The R&D tax credit scheme rewards any company whose work seeks to resolve a ‘scientific or technological uncertainty’. Qualifying activities may include:
- Developing a new construction method or material.
- Creating a technical architectural solution.
- Developing designs for unique/challenging environments.
- Developing new software applications for use in the sector.
- Developing new or improved designs for structures.
- Using existing materials in a new/novel way.
Examples of successful R&D Tax Credit claims for our clients
A property development company based in London developed a housing concept with integrated smart technology for assisted living and waste disposal efficiency.
Libcus recovered £57,000 for the client.
A commercial and industrial fencing contractor developed a new innovative acoustic barried system.
Libcus recovered £38,000 for the client.
Other industries eligible for R&D Tax Claims
Our technical specialists regularly process successful claims in the architecture, construction and property sector. However many other industries are eligible to claim R&D Tax Credits. For more informaiton on other industries and examples of claims, please click on the links below:
Technology & Software
The technology sector is one of the fastest growing sectors in the UK and as such is one of the key areas for R&D tax relief:
- Cyber security & encryption
- Search engine advancements
- Linking old and new software systems
Food & Beverage
R&D has always played a part in the food & beverage industry but is constantly increasing as awareness of allergies and healthier types of food and drinks grow in demand but where taste remains a key factor.
The importance of a successful manufacturing industry lies at the heart of any economy, and today more than ever flexibility in adapting to ever changing customer requirements is vital for future prosperity.
Do you have any Questions?
Our technical specialists are always available to answer any questions you may have.
We would love to find out more about your business and how we might be able to help you compile a Research and Development tax claim.
Please contact us using one of the following options below: