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Capital Allowances
Annual investment allowance |
2024/25 |
2023/24 |
2022/23 |
|
Annual allowance | £1,000,000 | £1,000,000 | £1,000,000 | |
Rate | 100% | 100% | 100% | |
First year allowances (full expensing) |
2024/25 |
2023/24 |
2022/23 |
|
New main rate plant and machinery assets | 100% | 100% | 130% | |
New special rate (including long life) assets | 50% | 50% | 50% | |
Business expenditure allowances |
2024/25 |
2023/24 |
2022/23 |
|
Main writing down allowance | 18% | 18% | 18% | |
Special writing down allowance (long life assets and integral features) | 6% | 6% | 6% | |
Structures and buildings allowance | 3% | 3% | 3% | |
Freeports structures and buildings allowance | 10% | 10% | 10% | |
Patent rights | 25% | 25% | 25% | |
Research and development | 100% | 100% | 100% | |
Long life assets and integral features | 50% | 50% | 50% | |
Plant and machinery for gas refuelling stations | 100% | 100% | 100% | |
New zero-emission goods vehicles | 100% | 100% | 100% | |
Freeports | 100% | 100% | 100% | |
Motor cars |
2024/25 |
2023/24 |
2022/23 |
|
New and unused electric or zero emission | 100% | 100% | 100% | |
New and unused with emissions between 1g/km and 50g/km | 18% | 18% | 18% | |
Used with emissions between 0g/km and 50g/km | 18% | 18% | 18% | |
Emissions 51g/km + | 6% | 6% | 6% |