IS YOUR EXPENDITURE A CAPITAL OR REVENUE EXPENDITURE?

The nature of the expenditure that is spent in business is very important. The reason for this is that it determines the accounting and tax treatment. Most times we do not have a choice because we do need to acquire them to help our business growth. In this blog post, I would like to explain […]

RATE TO CLAIM WHEN APPLYING FOR  CAPITAL ALLOWANCE RELIEF

Claiming capital allowance

Capital Allowance rates vary depending on the plant and expenditure. To explain the rate I will be using the various percentages associated with each allowance. Zero percentage on capital expenditure. 0% simply means the business owner can’t claim capital allowance on that plant and machinery. Example of such are building, or floors or any other […]

WHAT TO WATCH OUT FOR WHEN INVESTING ON CAPITAL EXPENDITURE

Claining tax relief on Capital Expenditure

  Business must invest in capital expenditure so as to be more productive. It might either be just a computer to a factory or to special machinery in a factory. The business owner usually always want to have tax relieve on these investments as soon as they would if they were revenue expenses. THE DIFFERENCE […]