Cost savings from expert advice
Revenue Tax Relief
Cost savings on capitalised repair and maintenance costs
Tax relief can be available to purchasers who capitalise relevant repair and maintenance costs when they undertake capital refurbishment works. This relief may offer an additional cash saving of as much as 20% of the cost on the refurbishment.
This is a subjective and complex area where relief, although significant, is dependant on the interpretation of relevant case law. It requires an approach which ideally would begin in the pre-contract stage of a project to ensure that works schedules can be clarified to support claims.
Andy White
balances creativity, pragmatism and expertise in tax and strategic planning to help clients achieve their commercial and/or personal goals.
d: +44(0)20 7309 3917
e: andy.white@cbw.co.uk
Paul Munday
Consultant
d: +44(0)20 7309 3800
e: paul.munday@cbw.co.uk
Saira Puffett
Consultant
d: +44(0)20 7309 3800
e: saira.puffett@cbw.co.uk
