CAPITAL ALLOWANCES
If you buy equipment to use in your business, you may be able to claim tax relief in the form of capital allowances. These allowances are for equipment, which you buy to keep and use in your business.
For example vehicles, tools, computers and business furniture could qualify for capital allowances. Capital allowances do not cover things you buy and sell as part of your trade - you can claim these as a business expense.
For more detailed information on Capital Allowances go to
www.hmrc.gov.uk/capital_allowances/investmentschemes.htm
If you would like to download this document please click on one of the links below:
Capital Allowances (Word Document 105Kb)
Capital Allowances (PDF Document 108Kb)