United Kingdom - Tax relief on slurry systems

Pig producers have been granted a welcome relief from the tax man thanks to a new ruling on slurry storage facilities. New regulations on nitrate pollution, which came into force on 1 January 2009, mean that there is an increased need for slurry storage facilities, but up until now it was unclear how these facilities would be viewed in terms of tax allowances. Following a review of the regulation, slurry storage systems will qualify for capital allowances, which will enable producers to deduct a proportion of the cost of investment from their taxable profits, thereby reducing their tax bill.
Friday 9 January 2009 (9 years 5 months 14 days ago)
Pig producers have been granted a welcome relief from the tax man thanks to a new ruling on slurry storage facilities. New regulations on nitrate pollution, which came into force on 1 January 2009, mean that there is an increased need for slurry storage facilities, but up until now it was unclear how these facilities would be viewed in terms of tax allowances.

Following a review of the regulation, slurry storage systems will qualify for capital allowances, which will enable producers to deduct a proportion of the cost of investment from their taxable profits, thereby reducing their tax bill.

http://www.meatinfo.co.uk/articles/69815/Tax-relief-on-slurry-systems.aspx

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