When a business incurs costs, such as salary payments or stationary procurement, it can usually fully deduct them as expenses from its taxable profits, reducing the tax due. However, when it buys assets for operational purposes, things are not quite so straightforward.
There are HMRC incentives to help you pay less tax on the assets you buy: these are called capital allowances. But there are a myriad of rules for which this tax relief can be applied to get your head around.
You might be interested in...
10 Feb 2026
TC Group is delighted to announce its merger with the highly respected accountancy and advisory firm MMG Chartered Accountants in Scotland.
Learn more
TC Group strengthens its presence in Scotland, with latest merger
09 Feb 2026
Muscular Dystrophy UK turned to TC Group to help with their new finance technology.
Learn more
TC Farnell Clarke helps Muscular Dystrophy UK take control of its finance processes
09 Feb 2026
Our Leicester, Northampton and Milton Keynes offices' second episode of Beyond the Books! This month, Jordan Dennis is joined by Rachel Markham, Marketing and Fundraising Manager at Charity Link.
Watch now
Beyond the Books Episode 2
05 Feb 2026
Every law firm that handles client money must complete an annual, independent Solicitors Regulation Authority (SRA) audit. Find out what it is, and what it covers.
Learn more
Does Your Law Firm Need an SRA Audit?
03 Feb 2026
Find out how Capital Allowances are changing from 2026 and the impact on business tax relief for plant and machinery investments.
Learn more
Changes to Capital Allowances in 2026
28 Jan 2026
Tax rate changes for dividends, savings, and rental income will be phased in across 2026 and 2027.
Watch now
Dividends, Savings and Property Income Tax Rate changes