Capital Allowance proves tax relief on certain types of expenditure, such as office equipment or furniture, providing a deduction against your profits. Using what is known as writing-down allowances to deduct a percentage of an items value from your profits, can be a way to extend your relief.
This months Active Practice will guide you through:
– Plant and Machinery
– Possible annual investment allowance
– Asset Pools
– First year allowance
– Writing down allowances
- Small Pools
If you would like any further information, please get in touch, but first take a read of this month’s Active Practice to find out more. You can download it here:
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