Capital Allowance

Capital Allowance

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.

Our Experts

Fahad Lateef
Fahad Lateef

Fahad is a Chartered Certified Accountant (ACCA), with a motto “When “why” is clear, “how” is easier”. He is proficient in numeracy and impassioned with giving concise advice to a wide range of clients.

Junaid Usman
Junaid Usman

Junaid has been instrumental in the achievement of our success across various regions and he specialises in business management, accounting and tax advisory services.

Faizan Rashid
Faizan Rashid

Faizan is good at providing well-thought-out strategies and solutions to complex problems in Business Development which makes him a proficient overseer of our clients.

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.

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Tips to reduce income tax on investments

Tips to Reduce Income Tax on Investments 

This article focuses on the various ways individuals in the UK can cut their income tax bill on their investment profits. They include National Savings and Investments (NS&I), Individual Savings Accounts (ISAs), Junior ISAs, Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS), Venture Capital Trusts, Self-Invested Personal Pensions (SIPPs), and Small Self-Administered Schemes (SSASs).

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LET’S DO BUSINESS

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.

LET’S DO BUSINESS

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