Hi All.
Some of you may know about capital allowances and the annual investment allowance. Well it has recently been changed to be 100% allowance for up to 500k!
So my company has a few different businesses in it.
I am currently planning on spending about £160k on "plant" (charter yachts).
If I claim the whole AIA on 160k i will make a pretty good loss. Is that even possible with the AIA?
Never having made a loss before I don't know what the implications of carrying a loss forward are and whether there is any immediate rebate available on previous years profits.
I think I finally need a good accountant! Things are getting complicated. haha.
Some of you may know about capital allowances and the annual investment allowance. Well it has recently been changed to be 100% allowance for up to 500k!
So my company has a few different businesses in it.
I am currently planning on spending about £160k on "plant" (charter yachts).
If I claim the whole AIA on 160k i will make a pretty good loss. Is that even possible with the AIA?
Never having made a loss before I don't know what the implications of carrying a loss forward are and whether there is any immediate rebate available on previous years profits.
I think I finally need a good accountant! Things are getting complicated. haha.
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