Research and development tax relief: capital expenditure

By Tolley
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The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:

  • Research and development tax relief: capital expenditure
  • Relief for capital expenditure
  • Sale or destruction of the asset

Relief for research and development expenditure differs depending upon whether the expenditure is capital or revenue in nature (see the Capital or revenue guidance note). Relief for revenue expenditure also differs depending upon whether the company qualifies as an SME or not. The available reliefs can be summarised as follows:

    More on R&D expenditure: