Capital Allowances

 

2021- 22

2020 - 21

Plant and Machinery

-       Main writing down allowance

-       Long life assets, integral fixtures

-       First year allowances – super-deduction

-       First year allowances – special rate

-       First year allowances - other

 

 

18%

6%

130%

50%

100%

18%

6%

n/a

n/a

100%

 -      R&D tax credits SME scheme

-       R&D expenditure credit

-         Structures and buildings allowance

-       Annual Investment Allowance (AIA)

 

230%

13%

3%

 2021:£1m

 2022:£200k

230%

13%

 3%

  £1,000,000

Cars

-       New and unused electric or zero emissions cars

-       New and unused, CO2 emissions are 50g/km or less

-       New and unused, CO2 emissions are 1g/km and 50g/km

-       New and unused, CO2 emissions are between 50g/km and 110g/km

-       Second hand, CO2 emissions are 110g/km or less (or car is electric)

-       New or second hand, CO2 emissions are above 110g/km

 

100%

n/a

 18%

  6% 

 6%

 6%

 

100%

100%

n/a

18%

 18% 

 6%

 

 

Disclaimer

In preparing and maintaining this section of our website every effort has been made to ensure the content is up to date and accurate. However, the law and regulations change continually, and unintentional errors can occur, and the information may be neither up to date nor accurate. We make no representation or warranty (including liability towards third parties), express or implied, as to the accuracy, reliability or completeness of the information on the website. Please don’t act directly on anything you read - contact us first for advice on how it may affect your individual circumstances.

 

Contact Us

Foster Knight

DC Business centre
10 Charles Wood Road
Rashes Green Industrial Estate
Dereham
Norfolk
NR19 1SX
 
Tel:01362 851718

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