https://www.liricaccountants.com/wp-content/uploads/2015/03/digger.jpg 250 450 Lisa Compton https://liricaccount.wpengine.com/wp-content/uploads/2022/11/liric_accountants_website_new-300x198.png Lisa Compton2015-04-13 21:36:132015-04-13 21:36:13MAXIMISE TAX RELIEF FOR CAPITAL EXPENDITURE
MAXIMISE TAX RELIEF FOR CAPITAL EXPENDITURE
Those running a business should take advantage of the temporary increase in the Annual Investment
Allowance (AIA) to £500,000. 5th April 2015 is not relevant for this tax break as the limit continues
until 31 December 2015 when it is scheduled to reduce to just £25,000. AIA provides a 100% tax write off for
plant and equipment used in your business. This tax relief extends to fixtures and fittings within business
premises such as electrical, water and heating systems. If you are thinking of spending more that £25,000 before 31 December then its really important to get the date of the expenditure right. Please ask us for further information.