With most types of plant and machinery there is an Annual Investment Allowance (up to £25,000).

To maximise relief, spreading  the cost of qualifying expenditure over two years can be advantageous.

Typically, if you make a purchase just before the end of the accounting year you will qualify for allowances a year earlier. Disposing of an asset also allows an earlier claim for relief – but be aware of the flip side – a potential additional charge to tax!

For more information please contact us here at CJS Accounting.