Taxes Consolidation Act 1997 section 766A

Tax credit on expenditure on buildings or structures used for research and development

Section 766A provides for a 25% tax credit on expenditure incurred on the construction or refurbishment of a qualifying building used for research and development activities, with clawback provisions if the building is sold or ceases to be used for R&D within ten years.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.