Business tax – collection

Capital Allowances Manual

This manual gives guidance on Capital Allowances.

Contents

Capital Allowances let taxpayers write-off the cost of certain capital assets against taxable income. They take the place of depreciation charged in the commercial accounts, which is not normally deductible for tax purposes.

You can access HM Revenue and Customs (HMRC) manuals when dealing with Capital Allowances.

HMRC Capital Allowances manual