Kirkpatrick & Hopes - Succession Planning Accountants

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Maximise tax relief for capital expenditure

Those running a business should take advantage of the temporary increase in the Annual Investment Allowance (AIA) to £250,000.

5th April 2014 is not relevant for this tax break as the limit continues until 31 December 2014, although there are complex transitional rules.  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.

 

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