Frequently all expenditure on plant and machinery in buildings that qualifies for tax relief is not identified and claimed. In such cases it is possible to make a claim for the capital allowances that have been missed going back many years, even though that was not done when the expenditure was incurred.
Marshall Smalley recommends that if you are using a property in your business you seek their advice on capital allowance as otherwise you may be missing a significant business tax deduction.
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