Since it’s introduction in April 2008, Annual Investment Allowance (AIA) allows you to secure the full tax savings of the qualifying plant and machinery in the year the cost was incurred.
See the AIA values up to March 2023
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If you are a UK Tax Payer and have spent capital on buying or improving a commercial property, a substantial tax saving could be available to claim. By acting now could potentially generate a tax refund and/or reduce future tax liabilities. We have an expert team available to help with your enquiries, who will advise whether your tax position could benefit from pursuing a claim at this time. Get in touch with us today.
5 December 2023
Capital Allowances ManualCapital allowances play a significant role in taxation. Allowing businesses to claim deductions for the depreciation of their assets. Among these assets, plant and machinery are frequently mentioned. However, the term “plant and machinery” is not explicitly defined in tax law. It should also...
22 November 2023
Autumn Budget 2023: Changes to Capital AllowancesThe Autumn Budget of 2023 has arrived, and with it comes significant changes and developments the government has put in place. Chancellor Jeremy Hunt delivered the statement on Wednesday, 22 November 2023. For businesses and individuals alike, these adjustments in tax policies can have far-reaching implications.
Our expert team are here to help answer any of your capital allowances questions or enquires you have about your commercial property.