To qualify for this generous incentive, the company must earn income from the qualifying asset, which it must have created from qualifying Research and Development (R&D) activities. Examples of qualifying assets include:
The legislation is relatively new (it was introduced in 2015) and is very complex so advanced planning is essential to achieve the maximum benefit available.
We can advise you on this. Ian Farley, our Managing Director, has detailed knowledge of KDB and has helped clients to make significant corporation tax savings through the incentive. His expertise includes: