Could you benefit from claiming Capital Allowances?
Ahead of this year end, be sure to review your capital expenditure to maximise claims for capital allowances.
For a temporary two-year period from 1 January 2013, the majority of businesses are able to claim a 100% Annual Investment Allowance on the first £250,000 of expenditure on most types of plant and machinery (except cars).
Typically, a purchase made just before the end of the current accounting year will mean the capital allowances will usually be available a year earlier than if the purchase was made just after the year end. In the same way, the disposal of an asset may trigger an earlier claim for relief (or even an earlier charge to tax).
If you would like to discuss Capital Allowances further please contact us on 020 7330 0000.