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%

 

 

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