Capital allowances

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

-001-11-30T00:00:00+00:00

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 Capital Allowance you claim. Consequently, if you

What is taxable when you sell a commercial vehicle or other equipment? -001-11-30T00:00:00+00:00

Don’t overclaim for equipment purchases

-001-11-30T00:00:00+00:00

You can use the Annual Investment Allowance (AIA) to claim a very generous 100% first year tax relief for qualifying expenditure on plant and machinery. The allowance is available for most assets

Don’t overclaim for equipment purchases -001-11-30T00:00:00+00:00

What expenditure qualifies for the Annual Investment Allowance?

-001-11-30T00:00:00+00:00

The Annual Investment Allowance (AIA) was permanently set at £200,000 for all qualifying expenditure on or after 1 January 2016. However, in the Budget earlier this year, the Chancellor announced a

What expenditure qualifies for the Annual Investment Allowance? -001-11-30T00:00:00+00:00