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What is Annual Investment Allowance

From 1st January 2019 the Annual Investment Allowance (AIA) will allow businesses to claim up to £1,000,000 in capital allowances per fiscal year, an increase of £800,000 on the previous allowance amount.

AIA can be deducted from taxable profits at a rate of 100% and applies to hire purchase and lease purchase but not to leased assets.

Who Can Claim

Most businesses are eligible for AIA apart from partnerships which comprise of both individuals and companies will not be able to claim. Please speak to your accountant to find out if you’re eligible.

How it works

From 1st January 2019, every £1 spent by your business on qualifying assets will be eligible to save an additional £1 in taxable profits up to £1,000,000

Example: If your qualifying spend for two trucks is £250,000 you will be eligible for 100% tax relief

Contact Us

To find out more about Annual Investment Allowance (AIA) and how it can help your business please contact us on 01908 487 561 to speak to a member of our sales team.

You can also find more information on AIA here