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Please find below details of the new tax rates and allowances

which are applicable for the year commencing April, 2017.


Please do not hesitate to contact us if you would like further information

or you wish to discuss any of the tax rates or allowances in more detail.


                                 

Capital Allowances - Tax Rates 2017/18

Capital Allowances

Plant and Machinery:

Investment for use in Enterprise Zones, energy saving and environmentally beneficial equipment, low CO2 emission (up to 75g/km*) cars, natural gas/hydrogen refuelling equipment: First year allowance (FYA).
100%  
Annual investment allowance (AIA) - on the first £200,000 of investment
(excludes cars and other expenditure already qualifying for 100% FYA)

100%
Writing down allowance on expenditure not qualifying for AIA or FYA:  
    Long-life assets, integral features of buildings, cars over 130g/km* 8%
    Other plant and machinery 18%

* The emissions figures are reduced to 50 and 110g/km respectively for expenditure incurred on or after 1 April 2018.

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