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 not already qualifying for 100% first year allowance 100%*

First year allowance on qualifying investments exceeding £50,000 40%

Writing down allowance (WDA) on expenditure not qualifying for AIA:

    Long-life assets, integral features of buildings, cars over 160g/km 10%*

    Other plant and machinery 20%*

    Industrial and agricultural buildings and hotels WDA (on building cost) 2%*

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

* Transitional rules may apply