Tax Incentives

  HighTower 13:05 13 Feb 07
Locked

Anyone know what the current tax benefits are on purchasing IT equipment for a businesses first year of trading? I've tried to find out on the government site but it's not all that clear - they make references to purchases up to 2004 but I'm not sure what applies after that.

  Kate B 13:18 13 Feb 07

It's a sliding scale that applies over a set number of years - I think I've got a note of it from my accountant somewhere at home. I'll see if I can dig it out.

  HighTower 13:20 13 Feb 07

That would be very good of you. Thanks!

  wee eddie 13:51 13 Feb 07

There was a reducing benefit.

I think that the year ending 4.4.07 is the final and, at this stage, it's only marginally better than ordinary capital item write-offs.

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