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Capital Allowances - Blue Cloud Accounting Solutions t/a Accounting Solutions

Capital Allowances

 

2019 – 20

2018 – 19
Plant and Machinery

–       Main writing down allowance

–       Long life assets, integral fixtures

–       First year allowances (certain environmentally efficient products)

18%

6%

100%

18%

8%

100%
 –      R&D tax credits SME scheme

–       R&D expenditure credit

–         Structures and buildings allowance (from 29.10.18)

  

–       Annual Investment Allowance (AIA)

 

230%

12%

2%

 

 £1,000,000

230%

12%

 

 

£1,000,000
*The AIA has been increased to £1 million from 1 January 2019 to 31 December 2020. 
Cars

–       CO2 emissions up to and including 110g/km*

–       CO2 emissions over 110g/km

 

18%

6%

 

 

18%

8%

 

 

 *A rate of 100% applies to cars with CO2 emissions of 50g/km or less.

 

Disclaimer
In preparing and maintaining this section of our website every effort has been made to ensure the content is up to date and accurate. However, the law and regulations change continually, and unintentional errors can occur, and the information may be neither up to date nor accurate. We make no representation or warranty (including liability towards third parties), express or implied, as to the accuracy, reliability or completeness of the information on the website. Please don’t act directly on anything you read – contact us first for advice on how it may affect your individual circumstances.

 

 

 

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