If you're planning to invest in new equipment or vehicles, Allica Bank’s asset finance could help you do it in a way that’s both cash-flow friendly and tax-efficient.
With the Annual Investment Allowance (AIA), businesses can deduct up to £1 million of qualifying asset purchases from their taxable profits each year. That means you could reduce your tax bill while investing in the tools you need to grow.
What counts as a qualifying asset?
Allica Bank offers finance for a wide range of assets that could qualify for capital allowances, including:
- commercial vehicles and trucks
- catering and garage equipment
- broadcast, vision and sound equipment
- IT hardware and software
If you don’t claim capital allowances in the year you buy the asset, it goes into your main pool, meaning you’ll only be able to claim smaller writing down allowances in future years. So, timing really does matter.
Why choose Allica Bank?
We’ve just launched our lowest asset finance rate in three years for hard assets, – helping businesses make the most of their money when it matters most.
Whether you’re buying new equipment, refinancing existing assets or restructuring your loans, our asset finance team can help you:
- spread the cost of essential purchases
- unlock money tied up in existing assets
- make the most of your capital allowance entitlement
Broker confidence in asset finance is growing – and we’re seeing more business owners using it to invest in growth, even in cautious trading conditions.
Want to learn more?
Visit https://www.allica.bank/asset-finance to see how asset finance could work for your business or reach out to the team directly at https://meetings.hubspot.com/shannon-thomson
Disclaimer: This article is for general information only and isn’t tax advice. Please speak to your accountant or tax adviser for guidance specific to your business.
