The UK is home to some of the worlds leading architectural practices. A large portion of the innovative architectural designs revolves around targeting universal problems head on, such a energy-efficiency, pollution and sustainability.
These architectural projects often involve significant risk-taking, the development and use of bespoke software, adapting the latest technologies to help solve a range of problems. Many of these areas qualify for tax relief under the R&D Tax Credit Scheme.
Cost incurred in an attempt to resolve ‘a scientific or technological uncertainty during the Research and Development stages of an architectural project are often tax deductible.
In routine projects where conventional design techniques have been utilised to create the end result Research and Developments expenses can be more complex to claim.
Claimable expenses under Architectural Research and development tax credits
· Software development
· Development of visualisation (VR) technologies
· Tools and methodologies that aim to streamline the transition from digital design to fabrication.
Most Architect Practices are not claiming the maximum they are entitled to in Research and Development tax relief- if not any of it! The biggest reason being a lack of specialised architect tax advice.