Main Capital and Other Allowances

Plant & machinery (P&M) 100% annual investment allowance (1st year):
To 31/3/23

 

£1,000,000

P&M* super-deduction first year allowance (FYA) for companies to 31/3/23

130%

Special rate P&M* FYA for companies to 31/3/23                     

50%

Plant and machinery**

18%

Patent rights and know-how**

25%

Special rate P&M e.g. long-life assets and integral features of buildings**

6%

Structures and buildings (straight line)

3%

Electric charge points

100%

Motor Cars

 

CO2 emissions of g/km:

0*

1–50

Over 50

Capital allowance:

100% first year

18% pa**

6% pa**

*New and unused only    **Annual reducing balance  † 10% for freeport sites in Great Britain

 

Research and Development

 

Capital expenditure

100%

Revenue expenditure relief – small/medium-sized companies

230%

Research and development expenditure credit – large companies

13%

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