Kingsley Asset Finance Limited
01257 232224
contact@kingsleyassetfinance.co.uk
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ARE YOUR CUSTOMERS MISSING OUT ON A FREE TAX HANDOUT?


 
Under the Government’s initiative to stimulate the economy by encouraging businesses to invest in plant and machinery and some fixtures and fittings, they’ve announced that the annual investment allowance (AIA) has increased from £200,000 to £1 million for a period of 2 years. This commenced on 1st January 2019 as part of the Government’s measures to stimulate business investment.
 
Good news as this enables your customers to significantly reduce their corporation tax bill, as expenditure up to  £1 Million will normally  qualify for 100% tax relief against their taxable profits,  reducing the net cost of borrowing.
 
By funding any asset purchase by way of a Hire Purchase agreement, your customer’s  will still benefit from the increased AIA up to the £1 Million limit, reducing their tax bill as well as spreading the cost over the finance term.
 
So if you’re customers are  looking to invest in new plant & machinery, contact us on newbusiness@kingsleyassetfinance.co.uk  to discuss how best to maximise the increased AIA.
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