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.