startResearch & Development Allowances
How To

Research & Development Allowances

CCH Corporation Tax
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Capital AllowancesTax Computation
    You can use this to claim Capital Allowances on expenditure for Research & Development.  The data entries are made by reference to the Accounting Period rather than the Period of Account.

    The R&D allowances input screen is located under Trading Income > Trade Name > Capital allowances > Other > R&D in the Data Navigator.

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    The Description must be unique.

    The Date of expenditure can be entered manually or selected from the Date picker.

    Allowances claimed is for the claim for current year allowances.

    Balancing charges arise when the Disposal Value exceeds the capital allowances not claimed. 

    The balancing charge is capped at the allowances given and any capital profit is taxed in the normal manner and is calculated  when the disposal date and proceeds are shown. 

    The tax on the capital profit  should be manually entered.

    The Allowances claimed in prior years can be calculated from the Cost less Unclaimed Bfwd. 

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    Notes

    it is not possible to claim a balancing allowance on the disposal of a Research and Development Asset

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