News: February 2013
100% tax write-off on machinery, furniture and equipment purchases
We mentioned last time the massive leap to £250,000 as the new and temporary annual amount you can spend in your business on machinery, furniture and the like, and get full tax write-off in the year.
Most businesses do not spend anything like that amount in a year, but even so you have to be very careful on the timing of capital expenditure as there are some complicated rules covering the switch from an annual limit of £25,000 to the new £250,000.
We are ready to advise by reference to your particular requirements for buying new equipment, so that we can get the best possible deal for you on tax allowances.