capital allowances Tag

Capital allowances are the practice of allowing a company to get tax relief on tangible capital expenditure. You allow expenses against its annual pre-tax income.   Capital allowances on worthless assets and negligible value claims   The value of the asset becomes negligible where an asset is lost or...

Income Tax Rates and Bands   Recent income tax rates and bands are as follows: 2015/16 2016/17 2017/18 Savings rate: 10%, 0% from 2015/16 0 - £5,000 0- £5,000 0- £5,000 Dividend Allowance: 20% NA 0 - £5,000 0 - £5,000 Basic rate: 20% 0 - £31,785 0 - £32,000 0 - £33,500 Higher rate: 40% £31,786 - £150,000 £32,001 - £150,000 £33,501 - £150,000 Additional rate:...

There are several capital allowances claim firms,  targeting businesses which have recently bought or sold commercial property. These 'experts' suggest the business needs to pay for a special survey to claim capital allowances on the fixtures. This must take place quickly to claim all the allowances due.
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