Capital Allowances Super Deduction

The recent Budget has introduced what can only be described as one of the most generous capital allowance regimes ever seen in the UK. Capital allowances have always been promoted to encourage companies to invest in new equipment. The other major factor has been the amount of investment covered by this new super allowance.

The recent Budget has introduced what can only be described as one of the most generous capital allowance regimes ever seen in the UK. Capital allowances have always been promoted to encourage companies to invest in new equipment. The other major factor has been the amount of investment covered by this new super allowance.

10 years ago, the figure covered only 50K of equipment and had fallen to £25K at one point. However, the government has increased this and, in the process, increased to £250,000 and then £500,000. Both very generous. Now that figure is £1m!

So, we have both a super allowance and it can be applied to a lot if not all of a company’s investment in qualifying equipment. Detailed below are the key points that will help you decide whether you can benefit from this new policy initiative.

The new Capital Allowances offer

As a result of measures announced at this Budget, businesses will now benefit from four significant capital allowance measures:

Why is the government introducing a super-deduction?

We trust you found this useful, but we will only be too happy to talk through any opportunities or questions you might have regarding this article.

Continue Reading...

Keep up with the latest updates at Blue Sky Finance. You can find recent company updates, relevant industry news and the latest financial updates in this section. If you would like any further information about our articles, please contact our finance brokers.

Insights
Insights