Capital Allowances
| 2024-25 | 2023-24 | |
|---|---|---|
|
Plant and Machinery |
18% |
18% |
|
Main writing down allowance |
6% |
6% |
|
Long life assets, integral fixtures |
100% |
100% |
|
Full expensing – 100% FYA (companies only) |
50% |
50% |
|
Full expensing – Special Rate FYA (companies only) |
50% |
50% |
|
R&D Intensive SME deduction rate |
186% |
186% |
|
R&D Merged Scheme |
20% |
– |
|
Structures and buildings allowance |
3% |
3% |
|
Annual Investment Allowance (AIA) |
£1,000,000 |
£1,000,000 |
|
Cars |
100% |
100% |
|
New and unused, CO2 emissions are 0g/km (or car is electric) |
18% |
18% |
|
Second hand electric car |
18% |
18% |
|
New or second hand, CO2 emissions are 50g/km or less |
6% |
6% |
|
New or second hand, CO2 emissions are over 50g/km |
|
|
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