From 06 April 2012, for unincorporated businesses and from 01 April 2012 for Companies the Annual Investment Allowance will be reduced to:-
What does this mean?
This means that if you require Capital Equipment for your business, now is a good time to purchase this. You will be allowed to write off a maximum of £25,000 against trading net taxable profit before working out the tax liability – IF your assets fall into the correct category.
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