Stewart, Fletcher & Barrett are advising businesses to make the most of the current £100,000 tax-free Annual Investment Allowance before it reverts back to just £25,000!
Whatever your business, the Annual Investment Allowance is currently offering 100% tax relief on qualifying investments such as technology, machinery, furniture and business vehicles up to £100,000.
However, you need to invest soon as businesses have less than four months to plan and complete any capital investments that are likely to exceed the £25,000 threshold if they want maximum tax relief.
Although some tax relief will still be available on investments over £25,000 from April 2012, it will be less generous and more complex.
Businesses should also consider bringing forward any capital investment plans.
If you would like any advice regarding making the most of the Annual Investment Allowance, call Stewart, Fletcher & Barrett on 02476 384171.
