Farmers will be able to offset far less equipment expenditure against tax from the new year, accountants have warned.The annual investment allowance (AIA) allows businesses to set off the full value of qualifying items from their profit before tax.The maximum deductible amount for this calendar year is ￡lm, but this is set to fall to E200,000 on 1 January 2021, said Martin Dobinson from accountancy and advice firm Saffery Champness.
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