Reduction in special Writing Down Allowance20190213040000

Reduction in special Writing Down Allowance

February 13, 2019
Businesses can claim Capital Allowances tax relief for certain types of capital expenditure. For expenditure on plant and machinery that exceeds the A...
Maximum AIA calculations for split accounting periods20190129040000

Maximum AIA calculations for split accounting periods

January 29, 2019
The recent, and temporary, increase in the AIA to £1m from 1 January 2019 creates computational issues if a trader's accounting period straddles this...
What is taxable when you sell a commercial vehicle or other equipment?20190129040000

What is taxable when you sell a commercial vehicle or other equipment?

January 29, 2019
When you purchase a van or other equipment that qualifies for tax relief, the cost of the asset is reduced - for tax purposes - by the amount of any C...
Don’t overclaim for equipment purchases20190116040000

Don’t overclaim for equipment purchases

January 16, 2019
You can use the Annual Investment Allowance (AIA) to claim a very generous 100% first year tax relief for qualifying expenditure on plant and machiner...
What expenditure qualifies for the Annual Investment Allowance?20181219040000

What expenditure qualifies for the Annual Investment Allowance?

December 19, 2018
The Annual Investment Allowance (AIA) was permanently set at £200,000 for all qualifying expenditure on or after 1 January 2016. However, in the Budg...
Autumn Budget 2018 – Annual Investment Allowance20181031040000

Autumn Budget 2018 – Annual Investment Allowance

October 31, 2018
The Chancellor’s announcement of a temporary five-fold increase in the Annual Investment Allowance (AIA) will be welcomed by many small and medium s...
Fixtures and fitting on transfer of ownership20180807040000

Fixtures and fitting on transfer of ownership

August 7, 2018
The tax treatment of the sale of fixtures and fittings included in the sale or purchase of a commercial building changed from April 2014. From that da...