Could you claim the Small Pool Allowance?

by | Dec 18, 2025 | Capital allowances

Writing-down allowances (WDAs) are a type of capital allowance that let you deduct a percentage of an asset’s value from your taxable profits each year. In some cases, you may be able to claim more relief using other capital allowances, such as the Annual...

Tax liability if you sell a business asset

by | Mar 20, 2025 | Capital allowances

When selling assets on which capital allowances were claimed, you may need to adjust your taxable profits with a balancing charge or allowance. Understanding these rules ensures you don’t face unexpected tax liabilities. Learn how to handle asset disposals...

Types of tax allowances for capital expenditure

by | Nov 14, 2024 | Capital allowances

Capital allowances enable businesses to claim tax relief on certain capital expenditures. Different rules apply to various types of capital expenditure, and the amount you can claim depends on the specific capital allowance you use. If an item is eligible for...