Category Archives: Purchase Annuity

How can Capital Allowance Help Me?

Most of us would like to save on the taxes that we pay to the government. Businesses pay taxes on their business profits. By reducing the amount of profit that is taxable, we can save on taxes. You cannot show … Continue reading

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FLA urges Treasury to extend green tax relief

The Finance and Leasing Association (FLA) is calling on the Treasury to extend tax relief on energy efficient equipment to the asset finance sector. The association believes that the extension would benefit small businesses and is calling specifically for the … Continue reading

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Capital allowances ‘a right not a privilege’: another service to offer

Every time a commercial property owner spends money buying or improving it, there is a strong chance they can offset that expenditure against profits or general income for tax purposes – a little tapped resource offered by the Inland Revenue. … Continue reading

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History of Capital Allowances

Up to late 19th century (1878 to be precise) there were no capital allowances. In 1878, a “wear and tear” allowance was introduced for traders in plant and machinery by allowing them to reduce their income by the allowance amount. … Continue reading

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