The festive season is well and truly upon us, with Christmas trees, tinsel and fairy lights littering the streets and Christmas carols filling our ears everywhere from restaurants to supermarkets. Thus, many business owners are getting in the festive spirit and splashing out on Christmas decorations.
Now, it’s no secret that tinsel, lights and other types of seasonal displays help lift spirits and create a warm, inviting atmosphere – especially during the busiest trading period of the year. But, a lesser-known question is now gaining traction – that is, could your festive décor actually reduce your tax bill?
According to tax and commercial property expert Chris Roberts, Managing Director of Capital Allowance Review Service, the answer is yes. But it’s not as simple as that, because this it’s only true under specific circumstances.
Understanding…
