Capital Allowances

Corporation tax super-deduction on certain plant and machinery until 31 March 2023 130%
First Year Allowance (FYA) on certain plant, machinery and cars of 0g/km 100%
Corporation tax FYA on long-life assets, integral features of buildings, etc. until 31 March 2023 50%

Annual Investment Allowance £1,000,000
(£200,000 from 1 April 2023)

Excludes cars

Writing Down Allowance

Long-life assets, integral features of buildings, cars over 50g/km 6%
Other plant and machinery 18%
Structures and Buildings Allowance 3%

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