Corporation tax - Capital allowances - Plant and machinery - II. Pools - Special rate pool - Long life assets - Definition - 4600

    Assets are considered to be long life assets if: - they have a useful economic life in excess of 25 years; and - in most cases, the trader has spent more than £100,000 on such long life assets...

    The 2008/9 tax-free company car

    A colleague has told you that, thanks to changes made in the last Budget, he can now run a car through his company and get every penny of the tax paid by the Taxman himself. Is this true?