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HMRC internal manual

Capital Allowances Manual

Plant and Machinery Allowance (PMA): First Year Allowance (FYA): temporary FYAs (2009)


Operative date

A temporary 40% FYA applies to expenditure incurred on general plant and machinery in the twelve month period beginning on 1 April 2009 for the purpose of Corporation Tax, and on 6 April 2009 for the purpose of Income Tax. General plant and machinery is plant and machinery that would normally be allocated to the main capital allowance pool.


The temporary FYA will be available to:

  • any individual carrying on a qualifying activity ( this includes trades, professions, vocations, ordinary property businesses and individuals having an employment or office);
  • any partnership; and
  • any company



As with previous and existing first- year allowances there are exceptions where the expenditure will not qualify for the temporary first- year allowance: see CA23110. The main exceptions include ‘special rate’ expenditure (including long-life assets and integral features), expenditure on cars, and assets for leasing.