AIA (Annual Investment Allowance)

Tax allowance brought in to replace first year allowances. Currently set at £50,000 for a 12 month period and allowing qualifying capital expenditure incurred by a business up to this amount to be set-off against profits chargeable to corporation tax. Any expenditure above the restriction will be subject to further writing down allowances where applicable.

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ICAEW The Chartered Institute of Taxation ACCA IPG IR