Super Deduction-130%-Update – Applicable For Car Parking Lift Purchases
From the 1st of April to the end of March 2023, companies can claim 130% capital allowances on qualifying new machinery which includes car parking lifts and car lifts. This ‘super-deduction’ effectively means that for companies paying corporation tax at 19%, for every £100,000 they spend on a variety of assets they get a £24,700 reduction in their tax liability.
Optimal Parking Solutions Ltd
207 Regent Street
03333 445 272