Demystifying Capital Allowance: What Can You Claim?

Capital allowance is a term that often leaves business owners and individuals scratching their heads. It’s a tax relief mechanism that allows you to deduct the cost of certain assets from your taxable profits, reducing your tax liability. However, understanding what you can and cannot claim as capital allowances can be complex and daunting. In this blog, we will demystify capital allowance and provide insights into what you can claim to maximize your tax benefits.

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