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3 Lyttleton Court, Birmingham Street, Halesowen, Birmingham, B63 3HN

Capital Allowances

 

Allowance %
Plant and machinery
- annual investment allowance £100,000* 100
- certain energy efficient plant, including low emission cars 100
- writing down allowance: general pool 20
- writing down allowance: special rate pool 10
*£50,000 to 31.3.10 (companies) or 5.4.10 (income tax traders)
The special rate pool includes long life assets, integral plant in buildings, thermal insulation and cars with CO2 emissions over 160g/km. The general pool contains other plant and machinery.
The old system of cheap/expensive cars has been abolished, but transitional rules cover existing expenditure before April 2009.
Industrial building allowances are being phased out: 4% in 2007/08; 3% in 2008/09; 2% 2009/10; 1% 2010/11; nil thereafter.
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Directors:  Paul Cutter FCA | Kate Jones FCCA, ACA | Dave Hazlehurst FCCA, CTA

Registered Office:

3 Lyttleton Court | Birmingham Street | Halesowen | West Midlands | B63 3HN

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A Member firm of the institute of Chartered Accountants in England and Wales

Registered with The Chartered Institute of Taxation as a firm of Chartered Tax Advisers

 Company Number: 07252989

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