Super Deduction Allowance
Capital allowances Super Deduction
This chancellor launched super deduction in March 2021 to help businesses recover from COVID
For every £1,000 you spend on Assets, you will get 130% back towards your tax bill
So what is it?
Capital allowances Super Deduction is available on all Capital Expenditure, so you will qualify if you invest in machinery, PC's, a van, etc.
So now is the time to invest if you need to
Spend £10,000 on new machinery
- you would reduce your tax bill by £1,900
Under Super Deductions, your expenditure become £23,000
- you would reduce your tax bill by £2,470
Call us to discuss how we can get your tax relief