Furasta specialises in providing capital allowances, R&D and related tax consultancy for complex and novel construction, asset-purchase, innovation and regeneration projects.
We have a unique combination of experience and expertise in property, construction, surveying and tax law. This allows us to have a full understanding of our clients’ tax positions and to legitimately maximise their tax relief claims.
We are used to working alongside our clients' existing accountants and tax advisors and are skilled at working across large organisations in a wide range of sectors to optimise the way in which they manage their projects and claims for tax purposes.
We are also experienced at negotiating and liaising with HMRC to ascertain what tax relief is possible in unusual projects and in situations where the implications of tax law have not been fully explored.
We have significant experience providing capital allowances and related consultancy on a wide range of high-value, complex construction, redevelopment and refurbishment projects and portfolios.
We specialise in all types of capital allowances and hidden repair claims and are happy to take on an advisory or detailed analysis role to suit your organisation and project needs. We work seamlessly with designers, engineers and tax teams to ensure optimum results and are happy to prepare tax compliant valuations for retrospective reviews or in situations where detailed cost information is limited.
Research & Development tax relief is designed to encourage innovation in science and technology. It is relevant to almost all sectors of the economy (far wider than people walking around in lab coats). If you spend money trying to improve a product or service through a technological advance, use qualified staff and appropriate controls, and have an element of doubt about the project's success, there is a good chance some of your costs may qualify.
We’ll assess your eligibility and the factors that will affect your claim, take you through the R&D tax claim process and give you the systems you need to streamline the claims process.
Purchase, Restructuring and Disposal
Projects that involve the transfer of an existing asset can create both risk and upside and there are complicated restrictions attached to most transfers where a capital allowances claim is involved. Our deep understanding of tax law and commercial property means that we can ensure your position is protected and if appropriate optimised.
We work on large or multiple portfolio acquisitions. We liaise closely with lawyers and surveyors to ensure that a legitimate claim exists and to optimise returns. We can also provide Valuation Agency Office-compliant capital allowances valuations and transaction support.
If your company purchases a site that is contaminated there is the potential to get tax relief for expenditure on renovating the land (including buildings) or removing hazardous materials. We work with housebuilders and developers (and other companies involved in brownfield regeneration) to highlight opportunities for Contaminated Land Remediation Relief.
We are experienced at liaising with engineers to quantify what expenditures will qualify for relief; from initial planning through to detailed analysis and claim agreement with HMRC.