Tax Rates & Allowances

Capital Allowances

Dredging straight line basis
Rate
Writing down allowance
4%
Business premises renovation
0
Initial allowance
100%
Writing down allowance for unrelieved expenditure (straight-line basis)
25%
Know-how (reducing balance basis)
0
Writing down allowance
25%
Mineral extraction (reducing balance basis)
0
Writing down allowance
0
General
25%
Acquisition of mineral asset
10%
Patent rights (reducing balance basis)
0
Writing down allowance
25%
Plant & machinery (reducing balance basis)
0
Annual investment allowance (max £250,000)
100%
First year allowances
0
Energy saving or environmentally beneficial assets
100%
New low-emission cars
100%
New zero-emission goods vehicles
100%
New assets for use in designated areas of enterprise zones
100%
Writing down allowances
0
General
18%
Cars (expenditure incurred on or after 1-6 April 2013 where CO2 emissions exceed 130g/km (previously 160g/km))
8%
Special rate expenditure including integral features and thermal insulation
8%
Long life assets
8%
Research & development
0
Allowance
100%
Company Reg: 5981654 • AAT Licence No: 126130 • VAT No: 122838421 • Copyright ©2018 James Johnson (Accountancy) Ltd -

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