Buying a Car through Limited Company

Buying a Car through Limited Company

If Company Buys: On Full Payment If you buy a new car through your company then it will attract capital allowance. The amount of capital allowance will depend on the amount of CO2 emission by the car. If CO2 emission is 75g/km or less (50g/km from April 2018) then the capital allowance (First Year Allowance […]

Read More
Types of capital allowance

Types of Capital Allowance

Capital Allowances are tax reliefs that allow businesses to deduct the cost of certain capital assets from their taxable profits. All businesses can claim capital allowance on qualifying assets that they buy and keep to use in their business. The most common assets that businesses purchase and qualify for capital allowances are: Machines, equipment, Furniture, […]

Read More
stamp duty

Stamp Duty Land Tax (SDLT)

Stamp Duty Land Tax (SDLT) is a tax paid by anyone who purchases a property or land in England, Wales and Northern Ireland. The existing SDLT threshold is £125,000 for residential properties and £150,000 for non-residential land and properties. If the Property is freehold then following SDLT rates are applicable: Residential Property Rates Non-residential and […]

Read More