SUPER-DEDUCTION - CAPITAL GOODS ALLOWANCE
- 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.
- Under the super-deduction, for every pound a company invests, their taxes are cut by up to 25p.
- This change makes the UK’s capital allowance regime more internationally competitive, lifting the net present value of our plant and machinery allowances from 30th in the OECD to 1st.
Contact your local IVECO Dealership today to find out more about the finance options available to purchase your new vehicle which could allow you to take advantage of this new capital goods allowance.
Please note, IVECO Limited and CNH Industrial Capital Limited are not authorised to provide tax advice. You should consult an accountant in order to understand the tax consequences of any investment decision.
Super-deduction is subject to eligibility. To find out more click here.