CTR Lasers - Tax Relief

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Tax Relief on qualifying capital asset investments

Tax Relief on qualifying capital asset investments.

The government is offering new temporary tax reliefs on qualifying capital asset investments from 1 April 2021 to 31 March 2023.

This measure is designed to stimulate business investment. It does so by increasing the incentive to invest in plant and machinery by offering higher rates of relief than were previously available.
 
Capital allowances allow businesses to write off the costs of tangible capital assets, such as plant or machinery (such as laser machines), against their taxable income.