Capital allowances – a few tricky points. By Rebecca Benneyworth

Chess piecesThe new capital allowances regime is now in full swing, but there are a few aspects of the regime which are likely to provoke problems in practice. Here is a guide to some of the more tricky points.


Five little days

The new regime applies to expenditure on or after the relevant day. In corporation tax this is 1 April 2008, in income tax, however, it is 6 April 2008.

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