Annual Investment Allowance Increased to £1,000,000 for 2019 & 2020
- 10-06-2019
- Garth Bushnell
The Annual Investment Allowance (AIA) has been temporarily increased from £200,000 to £1,000,000 for a two year period (1st January 2019 to 31st December 2020). For qualifying plant and machinery, the Annual Investment Allowance allows businesses to claim 100% tax relief in the year of purchase.
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