For updates affecting this Division please see Part B0 Updates
Research and development capital allowances
B3.701 Research and development allowances—overview
Research and development (R&D) allowances provide one of a number of reliefs which are available to traders who carry out research and development. In particular, the allowances give relief for expenditure of a capital nature, whereas the other reliefs are for revenue expenditure. See the table below for the other reliefs and where to find commentary.
An R&D allowance can be claimed by a trader who incurs qualifying expenditure of a capital nature (see B3.703) on research and development (R&D) (see B3.702). The allowance is equal to 100% of that expenditure1. This is not described in the legislation as a first-year allowance and is referred to
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 13:35