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 Accounting News & Insights

Fancy a new car? Now could be the time to buy!

6th June 2012

If you buy a new car for your business that has CO2 emissions of 110 grams or less per kilometre (g/km) driven, or is electric, you can qualify for a 100 per cent first-year capital allowance. This allows you to offset the whole cost of the investment against taxable profits in the year you make the purchase until 31st March 2013.

Now you may be thinking that this only really applies to electric or hybrid cars, but it does in fact cover a large range of ‘normal’ cars...

Click here to read the full article


Accounting News & Insights

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Fancy a new car? Now could be the time to buy!

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