Tax Allowances For Business Investment

Tax Allowances For Business Investment

The current high level of annual investment allowance for plant and machinery means that for many businesses there is no immediate difference between capital and revenue expenditure.

For companies, the situation might be even better than this because of the introduction of a 130% super-deduction which is available until 31 March 2023. However, where such reliefs are not available, it is important that you benefit from any other available tax relief for capital expenditure.

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