You’re wondering if this is all above board, aren’t you?
It absolutely is! It’s all thanks to something called the Annual Investment Allowance (AIA). The AIA is a kind of tax relief for British businesses – to help out at times when they need to buy expensive equipment and machinery that’s crucial to their business. With the AIA you can deduct the total amount of qualifying capital expenditure (up to £1 million), from your taxable profits.
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