| |
2018 Budget - Capital Allowances |
|
|
Plant and machinery
| Period of expenditure from |
1.4.2018 |
1.4.2017 |
| Annual Investment Allowance |
£200,000 |
£200,000 |
| Energy/water-efficient technologies |
100% |
100% |
| Writing down allowance – general pool |
18% |
18% |
| Writing down allowance – special rate pool |
8% |
8% |
Notes
- Neither capital expenditure nor depreciation is generally allowed as an expense.
- The writing down allowance spreads the cost over several years, and is not related to the accounting depreciation.
- Special rate pool includes long life assets, plant integral to buildings and thermal insulation.
Motor cars
| |
CO2 emissions of vehicle (g/km)
Purchased on/after |
| Allowance |
1.4.2018 |
1.4.2017 |
| 100% |
Up to 50 |
Up to 75 |
| 18% pa (in general pool) |
Up to 110 |
Up to 130 |
| 8% pa (in special rate pool) |
Above 110 |
Above 130 |
Notes
- The 100% allowance is only available if the car is acquired new, not second-hand.
- If purchased before April 2013, the 8% allowance only applies to cars with CO2 emissions over 160g/km..
- Unincorporated businesses: the allowance is reduced for private use of the car.
|
|
|
|