THE NFU Scotland has welcomed the Chancellor's announcement in yesterday's Autumn Statement that the annual investment allowance is to be increased to £250,000.
THE NFU Scotland has welcomed the Chancellor's announcement in yesterday's Autumn Statement that the annual investment allowance is to be increased to £250,000.
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Rog Wood
A spokesman for NFUS said: "Those farmers needing to invest in their plant and machinery will welcome the 10-fold increase in the annual investment allowance, which goes up from £25,000 to £250,000.
"Although time-limited to two years, starting from January 1, 2013, this was a lobbying point for the farming unions. Given the difficult year that most Scottish farm businesses have faced, many may not be in a position to make use of this immediately, but a better 2013 may mean it will be of benefit to farm businesses the following year.
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