£1 million Annual Investment Allowance cap extended
Published by Michael Graves on Thu, 03/12/2020 - 2:54pmThe Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as the government continues to look at ways to stimulate the economy.
The AIA provides a tax write off against profits for expenditure incurred on plant and machinery by businesses and owners of commercial property.