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UK Publishes Capital Allowances (Designated Assisted Areas) Order 2016

|Approved Changes|United Kingdom
United Kingdom

On 14 July 2016, the UK published the Capital Allowances (Designated Assisted Areas) Order 2016, which sets out the designated assisted areas within Enterprise Zones. Companies that invest in plant or machinery for use primarily in designated assisted areas are eligible for 100% first-year capital allowances, provided the expenditure is incurred at a time when an area is designated.

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