An increase in a tax allowance designed to boost investment is likely to make buying Valla industrial cranes more affordable.
From January 2019, the Annual Investment Allowance (AIA) has increased from £200,000 to £1,000,000 per financial year.
Under AIA regulations, businesses can now deduct the full value of qualifying assets from profits before tax up to the value of £1,000,000.
Carl Cooper, Sales and After Sales Manager at Hird, the authorised distributor for Valla Cranes in the UK and Ireland, said this could help many companies looking to invest in new compact cranes.
He added: “We expect the increase in AIA will be welcomed by many companies keen to take advantage of the benefits of using Valla pick and carry cranes.
“It represents a potentially significant financial lift for our customers, while we can demonstrate how investing in a Valla mini crane is almost certainly going to give them a major operational lift
“We work closely with an experienced asset finance provider to assist companies wanting to use Valla pick and carry cranes. So expert help on the application of AIA to purchase arrangements is readily available.”
The Government has increased AIA to £1,000,000 temporarily for two years to provide a financial boost for businesses looking to invest in new equipment and technologies.
Valla pick and carry cranes are among the most capable small industrial cranes in the world. They are used in many industrial sectors including manufacturing, aviation maintenance, glass installation, construction, and machinery moving.
Hird can supply Valla cranes with maximum safe working loads ranging from 2.25 tonnes up to 90 tonnes. Models include mobile pick and carry cranes, mobile slewing cranes, and tracked pick and carry cranes.
Find out more about Valla mini cranes, and how changes to the Annual Investment Allowance could make investing in the machines more affordable. Tel: +44 (0)1482 227333. Email: [email protected].