Capital investments, or expenses used to buy fixed assets (e.g., machinery, land, or buildings), are given tax reliefs called capital allowance. This allowance helps reduce the amount you have to pay for your business’ annual taxable income.
There are various types of capital allowances. Knowing which is applicable to you and how they work to your advantage can significantly help reduce the taxes you have to pay. Browse through our articles under this category to learn more about the various ways you can benefit from capital allowances.
Legend Financial is here to help you claim appropriate reliefs for your capital investments so you can keep more of your income and ultimately reach your business’ fullest potential.
The furnished holiday let, also known as an FHL, is referred to in the UK as a rental property. This classification provides certain tax benefits for holiday home tenants.
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The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.