Rishi Sunak has today announced that beginning April 2021, a new 130% first year upfront Capital Allowances super-deduction will see a deduction of an extra 30% tax saved for every pound spent on qualifying items of plant and machinery.
This means for those investing in new property from April 2021 they will likely see a much higher yield from their investment through Capital Allowances.
This means for every £100k spent you could see a reduction of £130K in taxable profits.
For more information on this as well as how to plan for the future increase in corporation tax to 25% please join us for our Capital Allowances webinar on March 26th at 2pm.
If you would like to attend then please show you interest by filing out the form below.