Environmentally Beneficial Plant & Machinery Allowances.
Mondaq Business Briefing › Nbr. 2011, January 2011
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Environmentally Beneficial Plant & Machinery Allowances.
Summary
This briefing note provides information on how a business can claim energy efficient plant or machinery allowances. These offer the opportunity to claim first year allowances of up to 100% of the expenditure incurred, or the opportunity to surrender losses generated by the allowances in return for a tax repayment. The value of 100% first year allowances (FYA) is significantly greater now that general plant or machinery allowances have decreased from 25% writing down allowance (WDA) to 20% WDA and many categories of general plan...See the full content of this document
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