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andrew-malkin-co
Mar 15, 2023 7:50 PM UTC
Question

How do we enter the 130% tax relief on asset purchases reducing corporation tax?

Presumably after the accounts are finaliszd there are entries to claim the relief on corporation tax otherwise payable; this is at 130% of the cap expenditure

1 reply

Ashleigh1
Mar 29, 2023 4:55 PM UTC

Hello Andrew-Malkin-co, Thanks for posting on the Community page, we would advise you speak to a trained and qualified accountant on the best way to record this in your account as we are just technical support here and not trained accountants.

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