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Capital Allowances

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Capital Allowances
A reduction in a company's corporate tax in order to encourage it to make capital investments. In general, when a company buys capital assets or makes some other long term investment, its corporate taxes are reduced by some amount over and above what the depreciation on the asset would have been. This amount is called the capital allowance.


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The Government also operates an Enhanced Capital Allowances scheme.
Businesses whose year-end is March 31 or April 30 and who are planning on significant capital outlay could obtain pounds 100,000 capital allowances by careful timing of their expenditure - pounds 50,000 before their year end and pounds 50,000 immediately after.
Step 4: Sol2o ensure that your solar PV installation receives all the necessary permissions (if any) and you receive all the necessary grants or capital allowances available to you.
 
 
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