Latest News

July 2011

Tax relief on equipment being reduced

At the moment, businesses can claim 100% of the cost of new equipment purchased against their taxable profits, up to £100,000.

From April 2012 this limit will be reduced to £25,000. Tax relief on equipment costing more than that will be delayed by being spread over the life of the asset.

So, businesses are advised to review the timing of their planned equipment purchases.