CAPITAL ALLOWANCES
Repairing machinery - what tax deductions apply?
Our subscriber acquired two second-hand cars which he renovated for use in his business. He thought he would get immediate tax relief for the renovation costs but his bookkeeper says special rules mean it will be spread over many years. Is that correct?
Access to this part of
Tips & Advice Business Database is only available to subscribers.
Don't have a subscription?
Subscribe now for immediate access to all the features.
Subscribe