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I need to know if the cost is tax deductible against profits.
I understand that if I lease the AED I can deduct from tax on profits.
What if I outright purchased AED rather than leased?
Kevin, not quite the same, it would be classed as an item of plant and machinery attracting capital allowances instead of being set against profits. As the Annual Investment Allowance is currently 100% and is set against profits after the trading balance has been struck the result is the same, the profit level is reduced, but this time by slightly more as you have spent more having bought the item outright.