SMEs looking to invest in new assets to grow their businesses have been provided an extra helping hand by the Government this year. Super Deduction is a tax saving that your clients can leverage against the investment made on certain assets acquired to grow the business.
This saving only applies to brand new assets purchased between April 2021 and March 2023 and can be used alongside Hire Purchase where the original contract includes client ownership of the asset at the end of term.
If your client is considering a new asset and wants to know if this qualifies for Super Deduction, contact your Business Development Manager or email partnerproposals@shawbrook.co.uk