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DON’T MISS OUT- You could gain up to £1,000,000 of tax relief per year!

At the 2018 Autumn Budget the government announced a temporary increase in the Annual Investment Allowance (AIA) to £1million from 1st January 2019.

WHAT IS AIA?

AIA is the amount of expenditure on business assets e.g. plant and commercial vehicles per year that is allowable against your taxable profits in a year.

This means that you can now benefit from saving £1 in taxable profits for every £1 spent on eligible purchases.

WHAT CAN I CLAIM ON?

Almost all assets for business use can be claimed meaning all machinery bought through Scot JCB can be claimed on AIA.

WHEN WILL THIS END?

The additional AIA will end in 2021 and it is worth noting that machine delivery times need to be factored into your purchase plans so that you do not miss out on any available tax relief.

 

For more information please see this leaflet from JCB Finance

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