TaxPersonal TaxCapital allowances

Capital allowances

Plant and machinery – 25%/40%* on reducing balance (if working life of 25 years or more 6%)

* In year first used if business does not exceed (in one of current or preceding accounting year) two out of three of: turnover 11.2 million pounds ; gross assets 5.6 million pounds ; 250 employees

Information and Communication Technology (ICT) equipment for – small businesses – 100% from 1.4.2000

Hotels, industrial and agricultural buildings – 4% (straight line)

Scientific research and commercial buildings in enterprise zones – 100%

Cars (maximum 3,000 pounds p.a. per car) – 25%

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