January 2012
Change in Capital Allowances from April 2012 - act now
From April 2012 the ways in which businesses will obtain tax relief on their capital expenditure will alter. In summary, the most significant change to capital allowances from April 2012 is the Annual Investment Allowance: the 100% immediate write off will apply to just £25,000, rather than the current £100,000 of expenditure on plant and machinery (excluding cars and plant for leasing). So if you are in the market, do your deal before April as the tax relief difference could run into thousands of pounds - and link your purchase to a competitive finance deal from Capex Finance and you have an extremely attractive proposition.
Would you like to reduce your business Tax liability?
Silly question isn't it? If you own a Commercial Property, it is a fact that 96% of Commercial Property Owners have not claimed capital write down allowances, which directly results in increased tax relief against profits or income tax, and this has been a right by law since 1878. For a free, no obligation overview as to whether you qualify for tax relief, please contact us, and we will arrange for an initial consultation, that could result in a significant saving.
Re-finance: Case study
Client had a meeting with the bank. His bank decided to renew his overdraft but at a much reduced level. At the same time the client lost 2 major customers for different reasons. So all of a sudden cash-flow became an immediate issue. The client needed £50k quickly. Within 5 working days Capex Finance raised the client £60k, cash in his bank, using existing business assets. The paperwork was simple, the transaction straightforward, and the client happy. So do bear us in mind for raising finance, even under difficult circumstances.
