The main rate of relief for capital allowances is reducing from 18% to 14% from April 2026. Is this something that’s likely to affect you and if so, what can you do to make the most of the current rate?
S R Lynn & Co·Blog
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You’re a director with a substantial salary and your partner isn’t working right now. If you could split your salary with your partner the tax saving would make a real difference. How can you legitimately share your salary to improve the overall tax position?
Your business is partly exempt and you claim input tax on your mixed costs and general overheads by using the standard method based on turnover splits. What income should you exclude from the calculations?
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