We use cookies to make interactions with our websites and services easy and meaningful and to better understand how they are ...

Special depreciation allowance: The maximum deduction is $18,000 for the first year with this method as well and only for the car that you use for business.

The Committee on Public Finance (CoPF) last week raised serious concerns over how used-vehicle imports are being valued, warning that the Government could be losing billions of rupees each year due to ...

The allowance started at 100% in 2022 and is declining by 20% each year until it reaches 0% in 2027. Listed property that is used 50% or less for business is considered "excepted property" and not ...

Capital allowances are a useful tool to ensure more money goes into your business rather than to HMRC. Both high and small costs can be classed as business expenses that help reduce your taxable ...

The phase-out may impact manufacturers who regularly make large-ticket capital equipment purchases and have relied on bonus depreciation to lower their taxes. By Sam Buck – CPA, Aldrich Advisors ...

With his first budget proposal of his second term, President Donald Trump and congressional Republicans hope the expansion of a tax break known as a bonus or special depreciation allowance will ...

Not have claimed the special depreciation allowance on the car; Not have claimed actual expenses after 1997 for a car you ...

German companies buying new cars do not have enough incentives to choose electric vehicles over heavy petrol SUVs, research and campaign group Transport & Environment (T&E) said on Wednesday.