This letter considers the capital allowances changes announced in the Autumn Budget. Advise your clients on the potential impact of the new rules on their business.
The letter includes:
- the temporary increase of the Annual Investment Allowance to £1 million from 1 January 2019
- the straddle rules which apply for accounting periods which straddle the date of change
- the reduction in the Writing Down Allowance for the Special Rate Pool
- an introduction to the Structures and Buildings Allowance.