Lambert Roper & Horsfield Limited Accountants Calderdale, Huddersfield
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Tax Planning services in Calderdale


No-one wants to pay more tax than they have to and that applies to businesses too.

Minimising tax liabilities requires advance planning, to avoid missing out on opportunities that may not be available at a later stage.

Yet many businesses fail to take advantage of the many opportunities available to reduce their tax bills.

We offer a range of tax planning services, which include:

  • advice on the timing of capital expenditure
  • advice on the timing of dividend payments
  • advice on the timing and level of pension contributions
  • advice on the tax benefits if sole traders or partnerships incorporate
  • advice on company car benefits
  • advice on the VAT implications of property transactions
  • help in equalising income between married couples or civil partners
  • help in finding the best combination of salary and dividends.

To find out more about how we can help you, please contact LRH accountants in Calderdale.

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Get in touch!


Telephone: 01422 360788

Email: mail@lrh.co.uk

"We provide proactive and timely advice, based on an in-depth knowledge of our clients and their businesses."

Nick Frost, Director

"Accurate and timely information is essential for business owners and enables them to make the right decisions."

Sam Mitchell, Director

 
 

Latest News

Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances

May 12th, 2025

Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used commercially.

There are a variety of capital allowances available, including:

  • Full Expensing
  • Annual Investment Allowance (AIA)
  • Writing-Down Allowances (WDA)

The allowance that your business is eligible for depends on what you buy, how much you invest, and how your business is structured.

Full Expensing

Full Expensing allows companies to deduct 100 per cent of the cost of qualifying plant and machinery assets from taxable profits in the year of purchase.

This applies to new assets only and is available to limited companies subject to Corporation Tax.

It is an ideal option if you are looking for immediate relief or using the investment to improve cash flow.

Annual Investment Allowance

The AIA offers a similar benefit but is more widely available to sole traders, partnerships, and limited companies.

This allowance allows for 100 per cent relief on qualifying expenditure up to £1 million per year.

Unlike Full Expensing, AIA can apply to both new and used assets, though exclusions can apply to assets such as leased items.

Writing-Down Allowances

WDAs apply to any expenditure that exceeds the AIA threshold or when assets are not eligible for Full Expensing or the AIA.

These allowances offer tax relief spread over several years, typically at a rate of relief against profits of 18 per cent for main pool items and six per cent for special rate pool items, like integral features or solar panels.

How to claim capital allowances

Capital allowances must be claimed within your tax return and can be set against your business’s taxable profits. Eligible items must be used in your business, not for personal use.

There are additional schemes, such as Enhanced Capital Allowances, which can be used for “eco” investments, which may also be useful to certain businesses.

For a full list of qualifying items and further guidance on how to claim, please visit gov.uk/capital-allowances or speak to your tax adviser.

If you would like to know more about the capital allowances available to your business, please get in touch.

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