2-Part Online Briefing
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Session 1: Tuesday, 17 May 2022 10am to 11.15am
Capital Allowances and Land Remediation Relief
Introduction to Capital Allowances on property development and ownership including cash benefits:
- Plant and Machinery Allowances, including the criteria for claiming the temporary super deduction and special rate allowance
- Structures and Buildings Allowances
- Lease incentives – the impact for landlord and tenant
- The benefits of early planning
Introduction to Land Remediation Relief (LRR) and cash benefits:
- Impact for developers and investors
- Types of contamination and extent of remediation captured
- Planning opportunities
- Costs that are recoverable and the restrictions that apply
- Brownfield regeneration – how overseas developers and investors now benefit
Presenters:
Timothy Jackson, Director, Head of Fiscal Incentives, AECOM
Phil Mackintosh, Associate Director, Fiscal Incentives, AECOM
Session 2: Thursday, 19 May 10am to 11.15am
VAT and Research & Development (R&D) Credits
Introduction to VAT and the basics for property:
- What is VAT and when does it apply?
- Taxable v exempt supplies and the applicable rates
- When is VAT a real cost and what opportunities to mitigate the impact exist?
- The Domestic Reverse Charge and the impact on the construction supply chain
Introduction to R&D from a construction perspective and the impact on the supply chain:
- What counts as R&D?
- Types of relief available for capital and operational spend
- Qualifying expenditure for R&D tax credits and restrictions that apply
- Examples of qualifying activities
- Planning opportunities
Presenters:
Paul Farey, Director, Property Solutions, AECOM
Rima Khera, Associate R&D Lead, Fiscal Incentives, AECOM