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Businesses that invest in qualifying assets can benefit from up to 130% first-year capital allowance.

The full tax relief is received against taxable profits in the tax year the asset is purchased, rather than over several years. This creates a cash flow benefit which would allow businesses to invest and grow. 

Separately, the annual investment allowance of £1 million has been extended to 31 Dec 2021 and can be used for second-hand assets.

Download the 'Super Deduction' Tax Scheme PDF here.

For more information on this allowance from HM Revenue & Customs, refer to their website: or contact your Close Brothers representative who can discuss your individual requirements with you.


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Swift Square | Building 1
Santry Demesne
North Wood
Dublin 9
D09 A0E4

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