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Tax Tables

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%
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