Tax Rates & Allowances - Main Capital Allowances
This information is prepared for guidance only. We recommend that you contact us for advice before acting on any information contained on this page and we cannot accept responsibility for any action taken without such advice.
Main capital allowances
| Allowance % |
| Plant and machinery |
|
| - annual investment allowance: £100,000* |
100 |
| - certain energy efficient plant, including low emission cars |
100 |
| - writing down allowance: general pool |
20 |
| - writing down allowance: special rate pool |
10 |
| *will fall to £25,000 on 1.4.12 (companies) or 6.4.12 (income tax traders); WDA fall to 18%/8% at same date. |
| |
| The special rate pool includes long life assets, integral plant in buildings, thermal insulation and cars with CO2 emissions over 160g/km. The general pool contains other plant and machinery. |
| |
| The old system of cheap/expensive cars has been abolished, but transitional rules cover existing expenditure before April 2009. |
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