London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

100% tax relief on capital spend

The annual investment allowance that delivers 100% tax relief on qualifying capital costs – plant, machinery, fixtures and fittings, etc is being hugely increased.  From 1 January 2013 the annual relief will stand at £250,000.  This is a massive increase and will enable businesses substantially to reduce taxable profits.

Just one word of warning the relief is pro rata’d over accounting periods so it may take a while for your business to receive the full relief.

 

 

Date: 5th December, 2012
Author: Cathy Corns

SHARE THIS

Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

Mercer & Hole’s @GudgionJa progress in @CelebJustDance - Not much longer to Waite now….. bit.ly/2gqZOZq @MKDonsSET

Mercer & Hole’s Michael Lapham impresses at the @MoneyMgmtMag Financial Planner Awards bit.ly/2yw3Ieetwitter.com/i/web/status/9…

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn