Capital allowances & tax relief

Question asked by Denesh 4 years ago

Hello

In the first year of purchase, the Capital Allowances for plant/equipment (known as an annual investment allowance) is 100% of the full cost.

Once capital investments are recorded on clearbooks, does it make the necessary update to the tax due in the same period?

1 Reply

Hi Danesh,

No, unfortunately not - we have no automated feature for this.

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