Budget 2011 – Annual tax rates and allowances
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.
