Leading Capital Allowances Specialist Joins ForrestBrown

ForrestBrown, the UK’s leading specialist R&D tax consultancy, has appointed Peter Reynolds to help clients make best use of capital allowances. Reynolds’ service will sit alongside existing support for R&D tax relief and Patent Box incentives, further extending ForrestBrown’s offer for innovative businesses.

Previously a tax partner with a top 10 accountancy firm, Reynolds can also call on extensive project management experience in the construction sector. This enables him to effectively translate information from commercial property teams for tax and accounting processes, reducing the risk of misinterpretations and ensuring accuracy and consistency.

Reynolds’ advice will be relevant for all clients who buy, sell or incur expenditure refurbishing commercial property to ensure they optimise the tax reliefs available, particularly those in the retail, engineering and manufacturing sectors.

His appointment further underlines ForrestBrown’s commitment to supporting clients large and small through the innovation lifecycle across a range of incentives and tax reliefs.

Sara Brigden, Managing Director at ForrestBrown said, “This is another significant appointment for ForrestBrown. While R&D tax relief remains our core focus, clients consistently tell us they want our help with other tax reliefs related to innovation. By bringing Peter into the team, we can now deliver another key piece of the innovation funding jigsaw, ensuring clients can view the big picture when planning their investment.”

Peter Reynolds, Director – Capital Allowances at ForrestBrown, added, “I’m excited to join ForrestBrown at a pivotal moment for many innovative businesses in the UK. With new rates for R&D tax relief now in force and the introduction of full expensing for capital allowances, it’s never been more important to understand the wider innovation tax landscape, of which capital allowances are a key component.”