Income tax - Trading income - Sole traders - II. Losses - The continuing business - Losses available for relief - 21300

    Capital allowances are deducted as an expense of the trade and therefore automatically create or augment a loss. Balancing charges are treated as a trading receipt and consequently reduce the...

    Capital allowances - use them or you might lose out

    Your company is on track to post a small loss in its current financial year. In view of this, what’s the most tax-efficient way for it to claim allowances for the expenditure it incurred on...

    Making best use of capital allowances

    They say that timing is everything, and that’s certainly true when it comes to claiming capital allowances. How can you take maximum advantage?