Construction taxation
- We work closely with the Construction and Engineering practice as an understanding of taxation is now essential for the implementation of transactions within this practice area.
- We identify the VAT treatment and seek to maximise the potential VAT savings of any project. We identify depreciation allowances which may be claimed on expenditure incurred in the construction of buildings and structures used for the purposes of manufacturing, processing and certain other trades.
- We advise on land transfer and registration tax planning (including implementation of mitigation structures).
- In relation to UK transactions, we advise on the Construction Industry Scheme.
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