The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:
Loss making companies will be able to surrender the losses attributable to enhanced capital allowances (100% first year allowances) on designated energy-saving or environmentally-beneficial plant and machinery in exchange for a cash payment known as a first year tax credit from the Government.
Companies are able to claim first year tax credits in respect of qualifying expenditure incurred on or after 1 April 2008 and before 31 March 2023.
Eligible losses are those from a trade, an ordinary property business, an overseas property business, a furnished holiday lettings business or from managing the investments of an investment business.
For chargeable p
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