14 Jan 2025
Are You Missing Out on Tax Savings for Demo Machinery?
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Tax efficiency is crucial for dealership profitability – are you maximizing your opportunities?
Demo machinery plays a vital role in every dealership, but how it’s classified in your accounts can significantly impact your tax savings. Many dealers miss out on substantial savings by leaving demo machinery as stock rather than reclassifying it as a fixed asset.
By reclassifying demo machinery:
- You can claim tax relief through capital allowances.
- You’ll avoid peaks and troughs in your taxable profits.
- For example, a fleet worth £1.15m could yield over £52,000 in tax savings through writing-down allowances.
At Bishop Jones, we specialise in ensuring dealerships don’t leave money on the table. Visit us at LAMMA 2025 to find out how we can help you streamline your processes and maximise tax efficiency.