Plant and Machinery:
Energy saving and environmentally beneficial equipment, electric and low CO2 emission (up to 110 g/km) cars, natural gas/hydrogen refuelling equipment: first year allowance 100%
Annual investment allowance (AIA) – on first £50,000 of investment not already qualifying for 100% first year allowance 100%*
First year allowance on qualifying investments exceeding £50,000 40%
Writing down allowance (WDA) on expenditure not qualifying for AIA:
Long-life assets, integral features of buildings, cars over 160g/km 10%*
Other plant and machinery 20%*
Industrial and agricultural buildings and hotels WDA (on building cost) 2%*
Enterprise Zone allowance, conversion of parts of business premises into flats, business premises renovation: max initial allowance 100%
* Transitional rules may apply
