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Emergency Budget 2010:  Capital allowances

George Osborne has announced that capital allowances for expenditure on plant and machinery by businesses will be reduced from April 2012 from 20% to 18% and for longer life assets from 10% to 8%. Qualifying expenditure for the annual investment allowance of 100% will also reduce from £100,000 to £25,000.

 

 

Date: 22nd June, 2010
Author: Cathy Corns

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