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Tax breaks for businesses looking to purchase assets as AIA is raised to £1m

The Chancellor outlined plans to increase the Annual Investment Allowance in his Budget. The tax-free amount that businesses can spend on assets will increase from £200,000 to £1m, with effect from 1 January 2019, for a two-year period.

The move is intended to kick-start business spending on fixed assets, in the wake of Brexit causing a high level of caution for business investment.

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2018-11-02T09:45:43+00:00

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