Engineering or Architect tools, blueprint and building model on table in office Constructi

Independent Capital Allowances Advice

Technical excellence, practical experience and professional judgement

Chartered Surveyor (MRCIS) | Taxation Practitioner (ATT - Fellow)

Why Furasta Consulting

Furasta Consulting was founded in 2017 to provide independent specialist advice on capital allowances and related tax matters.

Today we support accountants, tax advisers, solicitors and businesses across the UK on a diverse range of commercial property, infrastructure and transaction related projects where technical expertise, professional judgement and clear reporting matter.

Our approach is founded on evidence, transparency and collaboration. We are committed to Professional Conduct in Relation to Taxation.

What clients say

“Bryan worked very closely with our engineering and finance teams gaining a strong understanding of the project expenditure and produced a very clear, concise Capital Allowances report and financial analysis which provided an audit trail back to the source data. Bryan is a very good communicator and Atlantis would not hesitate to use his services again or recommend him to other clients.”

SIMON HIRST
UK FINANCIAL CONTROLLER
SIMEC ATLANTIS ENERGY

Technical insights

Pre Construction Costs Tax Treatment Post Orsted

Capital investments, and particularly more complex investments, with greater upfront risk are likely to be most affected by the Orsted ruling with reduced qualifying costs for tax purposes. In this article we explore the tax implications of the ruling in detail.

Bryan Crawford

Jul 15

Supreme Court Reverses Orsted: A Final Narrowing of Pre-Construction Capital Allowances

The Supreme Court in Orsted v HMRC [UKSC 12] ruled that pre-construction environmental studies do not qualify for capital allowances. The Court established a narrow "close connection" test, holding that expenditure must be directly "on" the plant rather than merely "in connection with" it. Studies providing advice on how to choose or design plant are considered too remote and fall "well outside the limiting curve" of qualifying costs.

Bryan Crawford

Apr 15

Nuclear Reactors and a £2 Billion Tax Claim: Why This High-Stakes Battle Was Labelled ‘Standard’

The Tribunal refused the application, concluding that while the underlying tax dispute involving £2 billion in Research and Development (R&D) allowances for Hinkley Point C is undeniably complex, the specific appeal against the information notice did not meet the necessary threshold requirements.

Bryan Crawford

Mar 6

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Contact

Independent Capital Allowances Advice

Why Furasta Consulting

What clients say

SIMON HIRST UK FINANCIAL CONTROLLER SIMEC ATLANTIS ENERGY

Technical insights

Pre Construction Costs Tax Treatment Post Orsted

Supreme Court Reverses Orsted: A Final Narrowing of Pre-Construction Capital Allowances

Nuclear Reactors and a £2 Billion Tax Claim: Why This High-Stakes Battle Was Labelled ‘Standard’

Let's discuss

SIMON HIRST
UK FINANCIAL CONTROLLER
SIMEC ATLANTIS ENERGY