Capital Allowances
Plant and Machinery

Energy saving and environmentally beneficial equipment, electric and low CO2 emission (up to 110 g/km) cars, natural gas/hydrogen refuelling equipment: first year allowance 100%

Annual Investment Allowance (AIA) - on first £50,000 of investment 100% (excludes cars and expenditure already qualifying for 100% first year allowance)

Writing Down Allowance (WDA) on expenditure not qualifying for AIA: Long-life assets, integral features of buildings 10%

Other plant and machinery (cars maximum WDA £3,000) 20%*

Buildings

Industrial and agricultural buildings and hotels WDA (on building cost) 3%*

Enterprise Zone allowance, conversion of parts of business premises into flats, business premises renovation: max initial allowance 100%

*Transitional Rules apply

Disclaimer

This data for legislative rates is for information purposes only and PG Business Solutions are not responsible for actions taken or not taken in respect of information provided. Should you wish to know more about how they affect you or your business liability then please contact us for specified tailored advice suited to your individual circumstances. Errors and omissions in this information are excepted.

Paul Goulding is licensed and regulated by the Association of Accounting Technicians to provide services in accordance with licence number 3823, details of which are displayed at the address shown.