Page 4 - Index

For an accounting period of less than 12 months the lower limit and the upper limit are proportionately reduced. There are a number of complex rules regarding associated companies.
Plant and machinery -
super-deduction
Between 1 April 2021 and 31 March 2023, companies investing in qualifying new plant and machinery benefit from new first year capital allowances. Under this measure a company is allowed to claim:
• a super-deduction providing allowances of 130% on most new plant and machinery investments that ordinarily qualify for 18% main rate writing down allowances
• a first-year allowance of 50% on most new plant and machinery investments that ordinarily qualify for 6% special rate writing down allowances.
This relief is not available for unincorporated businesses.
Your financial planning strategy
In the face of ongoing change, it is more important than ever to have a robust business and personal financial planning strategy in place, to help ensure that you and your family are financially secure and on course to achieve your long-term goals.
We can help with all of your business and personal tax and financial planning needs. For a strategic review of your finances, please contact us.
Introduction
Page 3