Capital allowances provide tax relief when you spend money on assets such as cars, vans, computers and most business equipment. Spending on property also qualifies and huge amounts of tax can often be saved if you understand the rules. However, the capital allowances regime is in the midst of enormous changes. This guide explains what you must do now if you want to lock in and enjoy a whole variety of tax saving opportunities. It is essential reading for all small and medium-sized businesses, property investors, landlords, accountants and other professionals.
Carl Bayley BSc ACA is the author of some of Taxcafe's most popular tax guides, including How to Save Property Tax, How to Save Inheritance Tax and Using a Property Company to Save Tax.
He is a member of the governing council of the Institute of Chartered Accountants in England and Wales.
Carl is also vice chairman of the Tax Faculty at the Institute of Chartered Accountants and a regular contributor to newspapers such as The Times and The Telegraph, as well as TV and radio programmes such as BBC Radio 2's Jeremy Vine Show.