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Capital allowances

Language: English Series: Inland Revenue Press Release ; (IR10) 17 March 1998 (£)Publication details: 1998Subject(s): Summary: An extension of enhanced allowances to small and medium-sized businesses for investment in plant and machinery was announced in the Budget. For expenditure following 1 July 1998, the capital allowance will be 40% of the cost in the first year. Details.

An extension of enhanced allowances to small and medium-sized businesses for investment in plant and machinery was announced in the Budget. For expenditure following 1 July 1998, the capital allowance will be 40% of the cost in the first year. Details.