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    We quickly identified how they would be eligible to benefit from tax relief and developed an application to ensure they could make a sizeable claim. This proposal was accepted by HMRC and the company opted to receive tax credits as a cash lump sum rather than offset losses against future corporation tax liabilities.

    The company used its large cash injection to help expand planned R&D work and bring new products to market more quickly. Their original development timeframe of three years for launching a new product was accelerated by one year. In doing this, they were able to achieve their goal of profitability in a faster timeframe.

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    60 Day Deadline for CGT Returns and Tax Payments

    If you sell a property and incur capital gains tax on the transaction, you will need to file a tax return and also pay any tax that is due within 60 days of completion, or penalties will arise. Need help with your property taxes? Talk to us.