As the director shareholder of a company you can choose to personally buy equipment for your business or do it through your company. The tax consequences of each differ. What’s the best option for
you?
Published 13.10.2017
The landlord of your premises has given you permission to add a bespoke lighting system. It will cost nearly £10,000. To ensure it qualifies for tax relief there are special steps you might need to
take. What are they and when are they needed?
Published 24.03.2022
The annual investment allowance (AIA) allows you a tax deduction for the cost of equipment for the financial year in which it’s bought. But it doesn’t always apply, meaning tax relief takes decades.
How can you slash this timeframe?
Published 30.11.2022
You bought used machinery from another trader who agreed to accept payment over six months. Most of the cost falls into your next financial year, but as you’re already using the machinery can you
claim the tax deduction now?
Published 13.06.2019
When you buy equipment for your business you may incur additional costs such as delivery fees. While you can claim capital allowances for the equipment what about the additional expenditure?
Published 16.10.2019
You’ve just spent £2,900 on a high-end PC for your home office on a buy-now-pay-later contract. Your family will make some use of it and your company will pay a contribution to the cost. What tax
allowances can you claim and when?
Published 07.07.2016
If you own a residential property with multiple tenants, you might be missing out on tax deductions. Despite a recent tightening of the rules there’s still scope to claim capital allowances (CAs) and
a wear and tear deduction. What’s the full story?
Published 24.02.2012
You’re renewing the company’s PCs. One of them is less than three years old and far more up to date than your current home computer. If the company gives it to you, what tax charges will arise and
can you reduce them?
Published 28.04.2017
One of our subscribers is being threatened with extra tax and penalties for claiming capital allowances (CAs) for the VAT he paid on the purchase of equipment. Is HMRC right to say the qualifying
cost must be exclusive of VAT?
Published 20.02.2024
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?
Published 03.12.2021