Barrys Accountants Limited Tax Facts » Capital Allowances
 
Navigation

IntroductionAbout UsServicesTax Facts  Income Tax Allowance  Income Tax Rate  Nat. Insurance  Individual Savings  Capital Gains Tax  Corporation Tax  Car Benefit  Tax-Free Mileage  Inheritance Tax  Stamp Taxes  Value Added Tax  Capital Allowances  Registered Pension Schemes  Tax CreditContact Us

Capital Allowances


Business premises renovation                          Rate (%)
Initial allowance *100
Dredging
(straight-line basis)
Writing-down allowance
4
Flat conversions
Initial allowance *100
* Writing-down allowance for unrelieved expenditure (straight-line basis)
25
Know-howRate (%)
(reducing balance basis)
Writing-down allowance		25
Mineral extraction
(reducing balance basis)
Writing-down allowance
General

 

25

Acquisition of mineral asset10
Patent rights
(reducing balance basis)
Writing-down allowance
25
Plant and machinery
(reducing balance basis) 
Annual investment allowance (max £25,000)100


First-year allowances



Energy saving or environmentally beneficial assets100
New low-emission cars100
New zero-emission goods vehicles100
New assets for use in designated areas of enterprise zones100
Writing-down allowances
General18
Cars (expenditure incurred on or after 1/6 April 2009 where CO2 emissions exceed 160g/km8
Special rate expenditure (including integral features and thermal insulation)8
Long-life assets8
Research and development
Allowance100

 
 
Manager Login Cyber Splat Web Design