Super-Deductions
What is it?
The Super-Deduction is aimed to help businesses purchase assets such as machinery through the potential last stages of the pandemic and the subsequent
transition of easing out of lock down. Making capital allowances more generous works to stimulate business investment and supports economic growth.
Specifics
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All SMEs who pay corporation tax are eligible for Super Deductions.
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The Super-Deduction is a tax scheme wherein businesses will be able to claim back 25p for every £1 spent on plant and machinery investments.
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For expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments.
Can i get it?
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Machinery must be brand new and unused
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Yes, and we can Finance the Asset for you
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Equipment included
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- Fit outs
- Machinery
- Solar panels
- Computer equipment and servers
- Tractors, Lorries, Vans
- Cranes
- Office chairs and desks
- Electric vehicle charge points
- Refrigeration units
- Compressors
- Foundry equipment
