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.
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Allowance |
Annual investment allowance £50,000 | 100% |
Certain energy efficient plant, including low emission cars | 100% |
First year allowance for qualifying expenditure in 2009/10 | 40% |
Writing down allowance: general | 20% |
Writing down allowance: long life assets | 10% |
WDA: features integral to a building | 10% |
Cars with CO2 rating up to 160g/km* | 20% |
Cars with CO2 rating over 160g/km* | 10% |
*These rules apply to cars purchased on/after 1 April/6 April 2009. The old system of cheap/expensive cars has been abolished, but transitional rules cover existing expenditure.
Industrial building allowances are being phased out:
4% in 2007/08;
3% in 2008/2009;
2% 2009/10;
1% 2010/2011;
nil thereafter.
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