Tax Year End Planning for Tax Returns 2012

Reduction In Capital Allowances To Hit Smaller Businesses

From April 2012, your business (whatever its size or area of activity) will only be able to claim 100% tax write-off on capital expenditure on machinery, furniture and other plant if you spend less than £25,000 in the year. That compares with a current level of £100,000.

There are several ways of reducing the impact of this big reduction, including careful timing of when you buy. The tax cost of getting this wrong could be up to £15,000. Worth getting right, right? Please contact us to discuss the opportunities in your particular circumstances.