Capital allowances on leased assets – Options for tax relief
The decision to acquire a business asset, be it a van or any other type of machine, will generally depend on how it is intended
The decision to acquire a business asset, be it a van or any other type of machine, will generally depend on how it is intended
The Annual Investment Allowance will now remain at £1 million permanently rather than reverting to £200,000 from 1 April 2023. This change of plan may
To ensure that a business does not pay more income tax than it needs to, it is important that a deduction is claimed for all
The annual investment allowance (AIA) allows you to claim an immediate deduction against your profits for qualifying capital expenditure up to the available limit. The
The annual investment allowance (AIA) was increased from its usual level of £200,000 to £1 million for the two-year period from 1 January 2019 to
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