capital allowances

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Incentive for ‘green’ cars extended

22nd March 2021
Despite the financial pressures caused by the pandemic, the government has gone ahead with the planned extension to tax breaks for environmentally friendly vehicles. What might this mean for your business? Bob Johnstone advises. Businesses wanting to take advantage of the capital allowances (CAs) tax break for environmentally friendly cars and other vehicles have been...

Transferring your business tax efficiently

2nd December 2020
The business you started a couple of years ago has grown, so you’ve formed a company to take over the trade. What steps can you take to make the transition smooth and tax efficient? For small businesses tax savings can be made by operating through a company rather being unincorporated, i.e. a sole trader or...

Tax relief on property rental

5th February 2020
There’s more than one rule which determines the type of tax relief you can claim for capital expenditure in a property rental business. Different rules can apply from year to year. But which can you claim and how can you ensure maximum relief? Brona MacDougall takes a closer look. Generally, it doesn’t matter what type...