Super Deduction on Capital Allowance
What is Super Deduction On Capital Allowances? During the pandemic period, a few new allowances were introduced in the UK. The aim was to boost the recovery of the business and its activities. One of those newly introduced allowances is the Super Deduction relief. The super deduction enables businesses to invest in qualified, allowance-eligible assets; receiving a much higher tax reduction in the tax year of purchase than it would otherwise. This allowance is applied …