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Capital Allowances

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Capital Allowances

Plant and machinery and other capital expenditure Annual Investment Allowance
Annual Investment Allowance:
from 01/01/2019 to 31/12/2021£1,000,000
from 01/01/2021£200,000
Enterprise zone plant & machinery100%
Plant and machinery (reducing balance) pa18%
Patent rights and know-how (reducing balance) pa25%
Certain long-life assets, integral features of buildings (reducing balance) pa6% [1]
Electric vans100%
Structures and buildings (SBA)[2]100%
Structures and buildings (SBA)[2]100%
Research and development (RDA)[3]100%
Motor Cars
Corporation Tax – Expenditure on or after 01/04/2019
Income Tax – Expenditure on or after 06/04/2019
CO2 emissions of g/km:<50 or electrically propelled51 – 110>111
Capital Allowance100% first year18% reducing balance pa6% reducing balance pa

[1] 8% until 19th April, 6% from 1st April 2019 for companies and 6th April 2019 for individuals

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