Increase in Annual Investment Allowance

2nd November 2018

The government has announced an increase in the Annual Investment Allowance (AIA) to £1 million in relation to qualifying expenditure incurred from 1 January 2019.

Since 1 January 2016 the AIA limit has been £200,000.  It may be worth deferring planned significant capital expenditure as, I am sure you will agree, the additional £800,000 relief is certainly worth waiting for.  As ever HMRC have made some complicated rules if your year end spans this date and so before committing to some expenditure it would be worth checking with us so you are properly aware of the relief to be received.

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