Tax forms filling© Sipa Press/REX
The Annual Investment Allowance (AIA) for plant and machinery doubled to £500,000 in April 2014 but will reduce on 31 December 2015 – tax advisors say farmers looking to make significant investments may want to consider making purchases before the year ends. David Chismon, director of tax advisors Saffery Champness, warned that the AIA had “yo-yoed” since its introduction in 2008 and said that timing was “of the essence in making any major capital purchase”. However, he warned against businesses […]