Architects like you are pushing the boundaries of design and construction every day. But did you know that your innovative problem-solving could qualify for tax savings through R&D tax relief?
If you found yourself developing new sustainable design options, utilising unorthodox materials, or innovative construction processes, consider the possibility of claiming relief on your R&D work. When you qualify for R&D tax relief, you can reinvest into your company's future. It can also help you realise even bolder projects and outpace your competition.
- Designing sustainable design solutions
- Creating unique structural designs
- Integrating new technologies in buildings
- Retrofitting historic buildings
- Implementing innovative strategies to meet regulatory requirements
Although our list of examples isn't endless, you know the ins and outs of the architecture world. It's a field brimming with challenges and endless possibilities for creative solutions - some of which might even qualify for R&D tax relief. Think back to some of the projects you've done in the past and reach out to us to discuss if you may be eligible for R&D tax credit benefits.
By claiming R&D tax relief, you could receive up to 27% of your costs back.
"I think R&D tax relief has a huge potential to impact our industry, not only just our approach to a project. We’ve always been big advocates of failure, a journey of successive failures rather than taking an easy route and having the monetary buffer from R&D tax relief allows us to do just that.It allows us to experiment, to fail and to sometimes succeed.
Whilst success is not guaranteed, it is only by innovating that we may discover something truly different and I think that is fantastic. It can only be a force of good for the industry. If more architects adopt this mindset, safe in the knowledge that these projects can go ahead where they would have otherwise been a lot more financially risky, we will start to see more creative, efficient and sustainable solutions in the industry." - Lionel Real de Azúa
Here are some of the common misconceptions about R&D tax relief:
- Myth: It's only for scientific research
- Reality: Innovative architectural work qualifies
- Myth: Only something groundbreaking counts
- Reality: Even incremental improvements can be eligible
- Myth: This seems complex and I don't know where to start
- Reality: This is why we are here
Reach out for a no-obligation chat to review your recent projects and see if there is a potential tax saving opportunity. Even if we determine there's nothing currently eligible, you'll gain valuable insight that could influence the way you tackle future projects, maybe even take more creative liberty and risk?
Discover the potential of R&D tax relief within your industry with our curated selection of blog posts below.
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