Hello All, a potential client of mine has aked if I know of any way he can either off-set any taxes or claim anything for his assett depreciation. I don't have a clue and would welcome any advice or guidance. Thank you in advance.
You can't offset depreciation because it is a level decide by your client. You can claim relief for the entire amount f certain fixed assets in the year they were purchased. Have a look at the HMRC site and search for Annual Investment Allowance. That explains it all very simply.
The views expressed in this post are my own personal (HRA protected) views, and are not representative of any organisation I have any involvement with.
