McLintocks News
Request a Callback >Capital Allowances
This guide looks at claiming capital allowances to minimise your business’ tax bill.
A capital allowance is the tax equivalent of depreciation.
For example, a business buys a lathe for £10,000 and believes the lathe has an estimated useful working life of 10 years. The business may choose to depreciate the asset at the rate of £1,000 a year until it has a net book value of zero after 10 years.
Share this post:
Time for a review?
Come in for a coffee and we’ll bring the mugs - just fill the form below in
