Green investments qualify for maximum relief

Link: Go Green, Not Into The Red

This is substantially up from the traditional 25% tax relief available for investment in new equipment.

And according to workplace specialists Morgan Lovell, office plants, that is the horticultural variety not just the nuts and bolts ones, are are also eligible for 70% tax relief as part of expenditure on refurbishment work.

Andrew Bradley, financial director at Morgan Lovell, said: ‘Many organisations are not aware that most office fit out and refurbishment work includes a substantial proportion of allowable expenditure on plant and machinery – for example, that “plant” can include carpets, decorative features, demountable partitions and even a “plant” in the horticultural sense of the word.’

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