Capital Allowances
How to Maximise Tax Relief on Equipment and Assets
April 9, 2026How to Maximise Tax Relief on Equipment and Assets If you’re investing in equipment, machinery, or business assets, understanding capital allowances is essential to reducing your tax bill. However, recent changes announced in the Autumn Budget 2025 mean the rules are evolving—making planning more important than ever. Here’s what you need to know for 2025/26
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March 31, 2026Capital allowances update Capital allowances on plant and machinery (P&M) have seen constant change over the years. However, following recent reforms, we are now entering a period of relative stability—with some important updates. If your business is planning to invest in equipment, vehicles, or infrastructure, understanding these rules is key to maximising tax relief and
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What Is the Capital Gains Tax Allowance?
March 11, 2026What Is the Capital Gains Tax (CGT) Allowance in 2025/26? If you’re selling shares, property (that isn’t your main home), crypto, or other investments, one of the first questions you’ll ask is: How much can I make before paying Capital Gains Tax? The answer depends on your Capital Gains Tax annual exempt amount, commonly called
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How Capital Allowances Are Reclaimed or Clawed Back
January 26, 2026When Business Assets Are Sold: How Capital Allowances Are Reclaimed or Clawed Back When a business buys equipment, machinery, or other long-term assets, the cost is not usually deducted as an expense in the same way as day-to-day running costs. Instead, tax relief is typically given through capital allowances, often spread over time. What is
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When the £3,000 Allowance Applies
January 22, 2026Capital Gains Tax Annual Exempt Amount in 2025/26: When the £3,000 Allowance Applies Capital Gains Tax (CGT) is often only considered when an asset is sold, gifted, or transferred. For many people, it comes into play unexpectedly — particularly where investments, second properties, or long-held assets are involved. One of the key features of the
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How do I maximize capital allowances under the full expensing scheme?
November 11, 2024How do I maximize capital allowances under the full expensing scheme? The Full Expensing Scheme, introduced in the UK as a temporary measure to boost business investment, allows companies to deduct the entire cost of qualifying assets from their taxable profits in the year of purchase. This scheme can significantly reduce your tax bill if
Read More Maximizing Business Benefits Through Capital Allowances Understanding Capital Allowances Capital allowances provide a way for businesses to gain tax relief on tangible capital expenditure by allowing it to be expensed against its annual pre-tax income. Essentially, they represent a key way to reduce your taxable profits and consequently, your tax bill. Recent Changes and Their
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Capital Allowances
May 6, 2024Capital Allowances: A Key Tool for Tax Efficiency in Business Investment Understanding Capital Allowances Capital allowances are a crucial component of tax planning for businesses Allowing companies to write off the costs of capital assets against taxable profits. These allowances play a significant role in Merranti Accounting’s strategic advice to its clients, especially when it
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Capital expenditure
January 26, 2024Capital allowances can be claimed on expenditure on certain types of assets used in your business. You must be careful to distinguish between •‘plant and machinery’ (P&M), which includes many fixtures and fittings (such as desks or chairs for an office); and • structures and buildings. The latter attract much slower tax relief. The rules
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Claiming capital allowances
October 13, 2021Claiming Capital Allowances in 2026: How Businesses Can Reduce Corporation Tax Capital allowances remain one of the most effective ways for businesses to reduce their corporation tax bill. If your company invests in equipment, machinery, or certain building systems, you may be able to deduct some or all of the cost from your taxable profits.
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