Tolley's Capital Allowances 2024-25 brings together in a single, comprehensive and practical volume the law and practice regarding capital allowances. This time-saving publication has been designed so that practitioners and taxpayers can establish what types of allowances are available and how they can be claimed in order to achieve greater tax savings. The work shows the practitioner how to make the most tax-effective use of capital investments. Copious worked examples are included throughout and are updated annually.

SOURCE CURRENCY 2024-25 Edition: UPDATE INFORMATION: This is the thirty-seventh edition of Tolley’s Capital Allowances 2024-25. It contains the legislation, relevant case law and other important information, including the provisions of the Finance (No 2) Act 2024, to 31 July 2024 and later material where significant. As well as current information, the book includes, where appropriate, the law and practice relating to superseded provisions which still have effect for capital expenditure incurred when such provisions were in force. All of the currently available allowance codes are included. The section on the most common allowance, that for expenditure on plant and machinery, is broken up into a number of separate chapters and brought to the front of the book. It is introduced by a summary chapter which gives a concise outline of the code and cross references to where the detailed rules can be found. The other current capital allowances are described in the chapters following the plant and machinery section, together with a chapter dealing with allowances for capital expenditure which are not formally capital allowances.