Claim capital allowances
40% first-year allowance
If you buy plant or machinery that qualifies for 40% first-year allowance, you can deduct 40% of the cost from your profits before tax.
In the next accounting period, you can claim writing down allowances on the remaining 60% of the cost.
What qualifies
To qualify for the 40% first-year allowance, plant or machinery must:
- have been bought after 1 January 2026
- qualify for the main rate of writing down allowance
- not be a car