Accounting
Tag
Capital allowance
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Capital allowances are valuable reliefs that allow certain business expenditure to be offset against corporation tax. However, not all expenditure qualifies, says Toby Cotton.
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Just under half of SME businesses that own a commercial property have not been alerted to ‘Capital Allowances’ tax relief by their accountants.
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A key deadline is fast approaching for small businesses to collect a capital allowances tax rebate from HMRC, says a tax specialist.
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