Forklifts qualify for Annual Investment Allowance (AIA), letting you deduct the full purchase cost from taxable profits in year one — up to £1,000,000. HP agreements allow capital allowances. Lease payments are typically fully deductible from profits as a business expense.
UK Forklift Market
Over 30,000 new forklifts are sold annually in the UK. The UK forklift market is worth £1.8bn including rentals and service. Electric forklifts now account for over 65% of new forklift sales in the UK, up from 40% five years ago.
Frequently Asked Questions
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