TITLE

Capital allowances on long-life assets

AUTHOR(S)
Champ, Hamish; Dunham, Robin; Irvine, Julia; Maddalena, Christina; Meek, Vicky
PUB. DATE
January 1997
SOURCE
Accountancy;Jan1997, Vol. 119 Issue 1241, p89
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on changes in rules governing the capital allowances on long-life assets in Great Britain. For plant and machinery bought on or after November 26, 1996 and having a working life of 25 years or more, the annual rate of capital allowances will be 6% a year on the reducing balance basis. The rules will be restricted to businesses spending more than £100,000 a year on such assets.
ACCESSION #
7092691

 

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