Your company is on track to post a small loss in its current financial year. In view of this, what’s the most tax-efficient way for it to claim allowances for the expenditure it incurred on new
equipment?
Published 09.04.2018
Mr Osborne has decided on drastic measures by slashing the annual investment allowance and cutting the rate of capital allowances. But these changes don’t take effect immediately, so what steps can
you take now to maximise tax relief?
Published 07.07.2010
The Taxman has just published his tax “toolkit” on capital allowances. It’s intended to help you avoid mistakes when preparing your accounts and tax return. How should you use it and does it actually
include any useful tips?
Published 26.05.2010
If you need to buy some new equipment for your business but your company’s financial year-end is fast approaching, how can you make sure you get the earliest tax deduction possible for this
expenditure?
Published 15.10.2009
In the Budget, Mr Osborne confirmed the massive cut in the annual investment allowance for the cost of machinery etc. However, there’s some compensation in the form of extended short-life asset
elections. How can you benefit from these?
Published 31.03.2011
Last month, the annual investment allowance was drastically cut from £100,000 to £25,000. Worse still, if you don’t time the purchase of equipment right you’ll lose out by even more. What is this
trap and how can you avoid it?
Published 14.05.2012
With tax deductions for equipment now being spread over decades, short-life asset elections are more important than ever. But how can you maximise the advantage of these by applying them to multiple
low-cost assets?
Published 15.06.2012
A few years ago you bought some equipment and claimed the annual investment allowance, which you adjusted to account for non-business use. Now that you’ve sold it how does an odd loophole affect the
tax payable on the proceeds?
Published 10.12.2015
Within limits, businesses are entitled to tax relief on equipment for the financial year in which they purchase it. However, purchases through HP and similar contracts are exceptions to this rule.
How can you ensure the earliest tax relief for these?
Published 27.06.2023
Where, after December 2015, you purchase plant or equipment, a restricted annual investment allowance (AIA) might apply. So how should you allocate it to obtain tax relief in the shortest possible
time?
Published 16.11.2015