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 ...

If you make a gain after selling a property, you'll pay 18% capital gains tax (CGT) as a basic-rate taxpayer, or 24% if you pay a higher rate of tax. Gains from selling other assets are charged at 10% ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. A capital allowance is an expenditure a U.K. or Irish business may claim against its taxable ...