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Hi everyone! Let’s talk about capital allowance – a valuable tax-saving opportunity for businesses.When you buy assets like machinery, equipment, or even vehicles for your business, these are considered "capital expenses." Instead of deducting the full cost in one go, capital allowance lets you spread the expense over several years, reducing your taxable profits.There are different types of allowances, like the Annual Investment Allowance (AIA), which covers most assets up to a certain limit, allowing you to claim 100% of the cost in the first year. There’s also writing down allowance, which spreads the cost over time.For example, if you buy a computer for £1,000, claiming capital allowance helps reduce your tax bill by deducting part of this cost from your taxable income.It’s a smart way to manage your cash flow and reinvest in your business! Speak to an accountant to maximize this benefit.Got questions? Drop them in the comments!