first-year allowance Archives | Taxfile https://www.taxfile.co.uk/category/first-year-allowance/ Tax advice & accounting services for South London businesses & SMEs Tue, 30 Jun 2015 18:25:49 +0000 en-GB hourly 1 Capital Allowances https://www.taxfile.co.uk/2008/02/capital-allowances/ Sat, 16 Feb 2008 12:48:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/2008/02/capital-allowances/ As a business you can claim tax allowances, called capital allowances, on certain purchases or investments. This means you can deduct a proportion of these costs from your taxable profits and reduce your tax bill. Capital allowances are available on plant and machinery, buildings – including converting space above commercial premises to flats for renting […]

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