We used to be able to claim 100% on IT stuff for our business, which meant big savings buying computers.
Is this scheme still going...I'd heard something about it not continuing.
thanks
Can we still claim 100% tax rebate on IT?
Jun 01, 2006
4 Replies
That scheme was discontinued a while back, I could not claim the 100% rebate on my 2004-2005 accounts.
Do you remember how much you could claim?
Thanks
The special rule for computing stuff applied only for stuff bought between April 2000 and March 2004. Once the special rule expired, the general rule kicked back in, which provides for a 40% first year allowance. The remaining 60% are then whittled down in subsequent years at 25% (of the remaining balance) per year.
OK
Thanks
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