The Super Deduction tax relief, which allows for a 130% deduction on investment into capital assets, will come to an end soon on March 31st, 2023.

In order to qualify for this relief, the asset must be new and not second-hand, and it must be purchased outright (not leased or rented). 

This is a valuable opportunity for businesses to invest in new equipment, machinery, or other assets, and receive a significant tax benefit as a result. For example, if you invest £100,000 in a new asset, you could receive a tax deduction of £130,000, reducing your taxable profit and therefore your tax bill.

If you're planning on making an investment in your business, then don't miss out on this opportunity to take advantage of the Super Deduction tax relief before it ends.

If you would like to explore how this relief can work for your business, contact your Accounts Manager or your usual Jerroms contact.

We are here to help...

We are here to help in any way we can - please speak to your usual Jerroms contact on 0121 693 5000 (Solihull Office), 01384 250202 (Halesowen Office) or 01675 466344 (Coleshill Office)