Eligibility Criteria for Claiming Capital Allowances
Capital allowances provide tax relief on qualifying capital expenditures for businesses and property owners. To maximize tax benefits, it is essential to understand the eligibility requirements and ensure compliance with tax regulations. These allowances help reduce taxable income, improve cash flow, and support long-term business investments. This article outlines the key eligibility criteria for claiming capital allowances, including qualifying assets, business types, and claim procedures.
1. Qualifying Assets for Capital Allowances
A.… Read more