Capital Allowances Flashcards
1
Q
Capital allowances are an important form of ____ ______.
A
Tax relief
2
Q
They relate to capital expenditure for the construction or purchase of ______ ______ or ________ _______.
A
Commercial property, business assets
3
Q
They can generate substantial tax savings on the value of _____________.
A
Plant/machinery fixtures
4
Q
Allowances can be offset against _______ _____.
A
Taxable proft
