Capital Allowances

 

2013-14

2014-15 
Plant & Machinery 100% Annual Investment Allowance                                £250,000*      £500,000
Plant & Machinery (reducing balance) pa 18% 18%
Patent Rights & Know-how (reducing balance) pa 25% 25%
Certain 'Long-Life' Assets, Integral Features (reducing balance) pa 8% 8%
Energy & Water Efficient Equipment 100% 100%
Zero Emission Goods Vehicles (new) 100% 100%
Qualifying Flat Conversions, Business Premises & renovations 100% 100%

 * Applies to expenditure incurred post 1 January 2013 - note special rules apply to accounting periods which straddle this date.

   
Motor Cars:    
Expenditure on or after 1/4/09 (Corporation Tax) or 6/4/09 (Income Tax)    
CO2 emmissions of g/km:    
95 or less (before 1/6 April 2013 110) (first year) * 100% 100%
96 - 130 (before 1/6 April 2013 111 - 160) (reducing balance) 18% 18%
131 or more (before 1/6 April 2013 161 or more) (reducing balance) 8% 8%
* if new, not second hand    
     
Research & Development:    
Capital Expenditure 100% 100%
Revenue Expenditure - Small/Medium sized companies 225% 200%
                               - Large companies 130% 130%