Capital allowances: the basics
Friday, October 31st, 2008Capital allowance on plant and machinery
You can claim capital allowances on:
the cost of vans and cars, machines, scaffolding, ladders, tools, equipment, furniture, computers and similar items you use in your business
expenditure on plant and machinery
items you used privately before using them in your business
You cannot claim for things you buy or sell as your trade - [...]
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