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Businesses Can Make Tax Savings on Investments



September 16 , 2015 |

Businesses Can Make Tax Savings on Investments

Academy Leasing managing director Michael Nolan said that businesses can make tax savings. The Annual Investment Allowance (AIA) will fall from the current rate of £500,000 to £200,000 from January 1, 2016, reducing the tax relief cap on investments in equipment and development capital.

“Although the fall in AIA was less severe than expected in the Summer Budget, businesses can still make substantial tax savings by making their purchases before the end of the year,” said Nolan.