How to save up to 25p on your tax bill for every £1 you invest in a T-Nut Machine.
In brief, if you buy a T-Nut Machine for your business you will be able to claim 130% of it’s value against tax. You should look carefully at your circumstances and how you can claim your tax saving before you go ahead. Consult a suitably qualified accountancy firm if you have any questions.
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If you buy a floor standing T-Nut Insertion Machine for £8,000 you can value it at £10,400. By deducting £10,400 from your taxable profits you will save 19% of the investment. This amounts to £1,976 off your Corporation Tax bill.
There may be other tax allowances that you can claim or potentially lose when you claim your super deduction, so make sure you check the details. The legislation is designed to make sure you will be better off when you make a qualifying capital investment. You are also likely to lose the tax benefit if you sell the machine too soon.
You can’t claim super deduction for used equipment. And there may be some complications if you are using Asset Finance or hire purchase. You should talk to an accountant to make sure you will get the super deduction.
If you want to be sure T-Nuts will deliver the benefits you need, send us a sample of the timber you are using. We will insert the T-Nuts and return the timber to you so you can see how well it will work for your application. You can see a T-Nut Insertion Machine in action, or we can visit you. We may be able to offer you a machine on trial.
Just call to speak to one of our experts on +44 1623 551 800 or contact us by email. Our team is always happy to help you calculate the benefits of installing a T-Nut Insertion Machine.
T-Nut Insertion Machines improve speed and accuracy in your wooden frame manufacturing process. Find out more about how you can transform your business using a T-Nut Insertion Machine and speak to us about a free trial.
