Capital allowances

Published: 03 Apr 2014

Updated: 20 Mar 2019

 

Written by Ray Coman

 

 

 

2019-20 2018-19 Note
Plant and machinery  
Annual investment allowance 100% 100% A
Long life assets and integral features 6% 8% B
Other assets 18% 18% B
First year allowances 100% 100% C
Cars: CO2 emissions (g/km)      
50 or less  100% 100%  
51 - 110  18% 18% B
Over 110  6% 8% B
Structures and buildings 2% 2% D

A Maximum annual investment allowance £1m pa from 1 January 2019 to 31 December 2020 (£200,000 pa to 31 December 2018 and from 1 January 2021).
B Reducing balance
C Available for: research and development (no time limit); enterprise zone (assisted areas) until designated dates between 31 March 2020 and 16 March 2024; energy saving and environmentally beneficial (water efficient) technologies until 31 March 2020/5 April 2020; brand new low emission cars and gas refuelling stations until 31 March 2021; zero-emission goods vehicles until 31 March 2021/5 April 2021; and electric vehicle charge points until 31 March 2023/5 April 2023.
D Expenditure on non residential structures and buildings on construction contracts entered into on or after 29 October 2018.

 

 

 

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