Capital Allowances

Capital allowances are a type of tax relief for businesses. They let you deduct some or all of the value of an item from your profits before you pay tax.You can claim capital allowances on:equipmentmachinerybusiness vehicles, for example vans, lorries or business carsThese are known as ‘plant and machineryIf you’re a sole trader or partnershipContinue reading “Capital Allowances”