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Terms and Conditions


The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.

Disclaimer

The information set out within this web site is provided for general purposes only and does not constitute legal or other professional advice. Information provided within the web site is considered to be accurate, and is reviewed periodically. Users should seek appropriate legal or other professional advice before taking or refraining from any action. Lambert Roper & Horsfield Limited accepts no responsibility for any loss which may arise from or reliance on information contained in this site or other sites which may be linked from time to time to the Lambert Roper & Horsfield Limited site.

Copyright Notice

The contents of these pages are © Lambert Roper & Horsfield Limited . Reproduction is only permitted in accordance with the licensed terms below.

Licensed Terms

In any event the copying of any part of the web site is only permitted if it is copied with no amendment or editing.

Translation is permitted on the basis that you take full responsibility for the accuracy of the translation.

Licence to copy for personal use

You may print copies of items in hard copy for your personal use or for use by others within your organisation subject to any terms and conditions that may apply to the information being printed.

Licence to recopy for limited purposes

The supply of any copy to a third party is permitted for their personal use on the above terms provided that:

a) It is acknowledged that Lambert Roper & Horsfield Limited web page is the source of the material including Lambert Roper & Horsfield Limited web address (www.lrh.co.uk) in the copy of the material;
b) The third party is informed that these licence conditions apply to him and he must comply with them;
c) It is not supplied as part of another work or publication; and
d) It is not supplied directly in return for commercial gain.

Any requests to reproduce materials outside the scope of this licence should be addressed to mail@lrh.co.uk.

Relevant Law

The use or publication of this web site and any dispute arising from the use or publication of this web site is subject to the Laws of England and Wales and to the exclusive jurisdiction of the courts of England and Wales.

Complaints

We have a complaints procedure and will consider any complaint as to our service and do our best to resolve it. Complaints should be addressed to mail@lrh.co.uk.

Privacy Statement

This statement sets out our policy in relation to holding and using information that we may obtain from you in the course of your use of this web site.

a) If you have opted to provide us with information about yourself we may use this information to contact you by email or by post so as to send you details about our services or to send you information, which we believe, may be of interest to you. If you do not want us to use the information in this way please contact our IT Department mail@lrh.co.uk or by post at Lambert Roper & Horsfield Limited, First Floor, Rosemount House, Huddersfield Road, Elland, West Yorkshire, HX5 0EE. We will not pass information we hold about you to any organisation outside of Lambert Roper & Horsfield Limited without your consent.

b) Under the Data Protection Act (in England and Wales – equivalent legislation may be in force in other European Community countries), you may request details of personal information we hold about you. Please send such requests to the address above marked for the attention of the Data Protection Officer. An official fee will be payable. If you believe that any information we hold about you is incorrect or incomplete, you should write without delay to the Data Protection Officer at the address above. Any information that is found to be incorrect or incomplete will be corrected without delay.

The LRH Client Portal


We are delighted to announce that the LRH client portal (powered by Onvio, a Thomson Reuters company) is now fully operational… Continue reading →

Get in touch!


Telephone: 01422 360788

Email: mail@lrh.co.uk

 

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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