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Get 50% Tax Relief Upfront

Small businesses can claim an enhanced first year allowance equal to 50% of the capital costs they incur on plant and machinery in the 12-month period commencing on 1 April 2004 for companies or 6 April 2004 for all other businesses. For medium-sized businesses, this enhanced relief is available at 40%. This relief has been made particularly valuable as the thresholds used in defining small (and medium-sized) businesses have also been increased from these dates.

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