Budget 2011 – Annual tax rates and allowances

Capital Allowances and Reliefs - Budget 2011 - GT

Capital Allowances and Reliefs

Plant and machinery
Annual investment allowance 1
– restricted to first £100,000 of most qualifying expenditure
100%
Writing down allowance
20%
Features integral to a building, thermal insulation and long life assets
Writing down allowance
10%
First year allowances
– designated energy saving plant and machinery†
100%
– expenditure on new electric cars and low carbon dioxide emission cars
100%
– expenditure on refuelling for vehicles using natural gas or hydrogen fuel
100%
– environmentally beneficial plant and machinery†
100%
Business premises renovation allowances
– initial allowance
100%
– writing down allowance
25%

1 Special rules apply to cars acquired pre 1 April 2009 costing over £12,000 and from 1 April 2009 with high emissions (>160g/km).
2 Loss making companies can surrender deduction for a payment of 19% of the amount surrendered. Maximum refund greater of £250,000 or total PAYE & NI liability.

1 2 3 4 5 6 7 8 9 10 11 12 13

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>