TAX MATTERS: Rebasing cost of assets: Maximising tax benefit or not?

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https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-288177.mp3?cb=1732294482.mp3Capital allowances are a tax incentive designed to stimulate growth and investment in businesses by allowing the cost of qualifying capital expenditure to be counterbalanced against operating profits, thereby reducing the amount of tax liability. Capital allowances are obtainable when a business purchases assets i.e., plant and machinery, or constructs, refurbishes or fits out commercial…