Main Capital and Other Allowances
Plant & machinery (P&M) 100% annual investment allowance (1st year): |
£1,000,000 |
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P&M* super-deduction first year allowance (FYA) for companies to 31/3/23 |
130% |
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Special rate P&M* FYA for companies to 31/3/23 |
50% |
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Plant and machinery** |
18% |
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Patent rights and know-how** |
25% |
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Special rate P&M e.g. long-life assets and integral features of buildings** |
6% |
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Structures and buildings (straight line)† |
3% |
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Electric charge points |
100% |
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Motor Cars |
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CO2 emissions of g/km: |
0* |
1–50 |
Over 50 |
Capital allowance: |
100% first year |
18% pa** |
6% pa** |
*New P&M only **Annual reducing balance † 10% for freeport sites in Great Britain |
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Research and Development |
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Capital expenditure |
100% |
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Revenue expenditure relief – small/medium-sized companies |
230% |
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Research and development expenditure credit – large companies |
13% |