In the budget tomorrow there is expected to be a 30 percent tax relief on £500,000 within the enterprise investment’s scheme, with an increase to £1 million from 6th April.
Companies are also entitled to write off the cost of acquiring qualifying assets (up to an annual limit of £100,000) against their taxable profits, including commercial vehicles, computers and other equipment.
This is excellent news for investors and business owners; as if the investors are receiving a higher tax relief then they will be more inclined to invest. Please call Beer & Young today to discuss your investment requirements.
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