Farm News
Annual Investment
Allowance doubles to
£500,000 in tax relief
JCB Finance explains some unexpected changes in last year’s Budget
that represent a £500,000 tax saving opportunity for UK Agricultural
businesses contemplating purchasing agricultural machinery.
»»The March 2014 Budget
announced a temporary
increase in the Annual
Investment Allowance (AIA)
from £250,000 to £500,000
with it scheduled to revert
back to £25,000 on 1st January
2016.
and this can sometimes result
in windfall profits. When
this happens, having the
knowledge to be able to take
full advantage of the prevailing
tax incentives could save the
business a massive tax bill.
A recent change to the
AIA - with a doubling in size
to £500,000 - presents such
a tax saving opportunity but
it is a temporary measure, so
proper machine investment
plans need to be considered
now. The AIA is available for
capital expenditure on plant, )